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Code · CFR · Title 12 — Banks and Banking · Part 1808 — Community Development Financial Institutions Bond Guarantee Program · § 1808.620

§ 1808.620. Investments in Guaranteed Bonds ineligible for Community Reinvestment Act Purposes.

72 words·~1 min read·/us/cfr/t12/s§ 1808.620·

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Notwithstanding any other provision of law, any investment by a financial institution in Bonds shall not be taken into account in assessing the record of such institution for purposes of the Community Reinvestment Act of 1977 (12 U.S.C. 2901). Other forms of participation by financial institutions in CDFI Bond Guarantee Program transactions may be eligible for inclusion in Community Reinvestment Act records to the extent permitted by the Appropriate Federal Banking Agency.
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§ 1808.620
Investments in Guaranteed Bonds ineligible for Community Reinvestment Act Purposes.
U.S.C.§ 2901
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