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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 29— HOME MORTGAGE DISCLOSURE · § 2801

§ 2801. Congressional findings and declaration of purpose

194 words·~1 min read·/usc/title-12/section-2801

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(a)Findings of Congress The Congress finds that some depository institutions have sometimes contributed to the decline of certain geographic areas by their failure pursuant to their chartering responsibilities to provide adequate home financing to qualified applicants on reasonable terms and conditions.
(b)Purpose of chapter The purpose of this chapter is to provide the citizens and public officials of the United States with sufficient information to enable them to determine whether depository institutions are filling their obligations to serve the housing needs of the communities and neighborhoods in which they are located and to assist public officials in their determination of the distribution of public sector investments in a manner designed to improve the private investment environment.
(c)Construction of chapter Nothing in this chapter is intended to, nor shall it be construed to, encourage unsound lending practices or the allocation of credit.
(Pub. L. 94–200, title III, § 302, Dec. 31, 1975, 89 Stat. 1125.)
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Cited by 241 sections · top 60
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  • Pub. L. 94–200, title III, § 302
  • 89 Stat. 1125
  • Pub. L. 94–200, title III, § 301
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§ 2801
Congressional findings and declaration of purpose
Fed. Reg.×158
Bills×51
U.S.C.×17
Stat.×6
C.F.R.×4
Stat. Comp.×4
Pub. L.×1
Pub. L.Pub. L. 94–200, title III, § 302
Stat.89 Stat. 1125
Pub. L.Pub. L. 94–200, title III, § 301
Cites 3Cited by 241 across 7 sources
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