§ 2907. Operation of branch facilities by minorities and women
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/usc/title-12/section-2907A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general In the case of any depository institution which donates, sells on favorable terms (as determined by the appropriate Federal financial supervisory agency), or makes available on a rent-free basis any branch of such institution which is located in any predominantly minority neighborhood to any minority depository institution or women’s depository institution, the amount of the contribution or the amount of the loss incurred in connection with such activity may be a factor in determining whether the depository institution is meeting the credit needs of the institution’s community for purposes of this chapter.
(b)Definitions For purposes of this section—
(1)Minority depository institution The term “minority institution” 1 means a depository institution (as defined in section 1813(c) of this title)—
(A)more than 50 percent of the ownership or control of which is held by 1 or more minority individuals; and
(B)more than 50 percent of the net profit or loss of which accrues to 1 or more minority individuals.
(2)Women’s depository institution The term “women’s depository institution” means a depository institution (as defined in section 1813(c) of this title)—
(A)more than 50 percent of the ownership or control of which is held by 1 or more women;
(B)more than 50 percent of the net profit or loss of which accrues to 1 or more women; and
(C)a significant percentage of senior management positions of which are held by women.
(3)Minority The term “minority” has the meaning given to such term by section 1204(c)(3) of the Financial Institutions Reform, Recovery and Enforcement Act of 1989.
(Pub. L. 95–128, title VIII, § 808, as added Pub. L. 102–233, title IV, § 402(b), Dec. 12, 1991, 105 Stat. 1775; amended Pub. L. 102–550, title IX, § 909(2), Oct. 28, 1992, 106 Stat. 3874.)
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U.S. Code
register
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- NoticesPolicy statement
statutes-at-large
- Public Law 102–550To amend and extend certain laws relating to housing and community development, and for other purposes
- Public Law 102–238To provide funding for the resolution of failed savings associations and working capital for the Resolution Trust Corporation, to restructure the Oversight Board and the Resolution Trust Corporation, and for other purposes
statute-compilations
bill
- Sec. 2Minority Bank Deposit Program
- Sec. 3Codification of the Minority Bank Deposit Program
- Sec. 8Minority Bank Deposit Program
- Sec. 8Minority Bank Deposit Program
- Sec. 207Minority depository institution
- Sec. 207Minority depository institution
- Sec. 110702Ensuring diversity in community banking
- Sec. 110702Ensuring diversity in community banking
- Sec. 110702Ensuring diversity in community banking
- Sec. 8Minority Bank Deposit Program
- Sec. 7Ensuring Diversity in Community Banking
- Sec. 14703Codification of the Minority Bank Deposit Program
- Sec. 20302Minority Bank Deposit Program
- Sec. 707Ensuring diversity in community banking
- Sec. 707Ensuring diversity in community banking
- Sec. 8Minority Bank Deposit Program
- Sec. 707Ensuring diversity in community banking
- Sec. 807Ensuring diversity in community banking
- Sec. 3Codification of the Minority Bank Deposit Program
- Sec. 448Minority Bank Deposit Program
- Sec. 8Minority Bank Deposit Program
- Sec. 6638Minority Bank Deposit Program
- Sec. 6638Minority Bank Deposit Program
Traces to 2 documents
8 references not yet in our index
- 1
- Pub. L. 95–128, title VIII, § 808
- Pub. L. 102–233, title IV, § 402(b)
- 105 Stat. 1775
- Pub. L. 102–550, title IX, § 909(2)
- 106 Stat. 3874
- section 1204(c)(3) of Pub. L. 101–73
- Pub. L. 102–550
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§ 2907
Operation of branch facilities by minorities and women
Fed. Reg.×56
Bills×23
C.F.R.×12
Stat.×2
Stat. Comp.×1
U.S.C.×1
Cite1
Pub. L.Pub. L. 95–128, title VIII, § 808
Pub. L.Pub. L. 102–233, title IV, § 402(b)
Stat.105 Stat. 1775
Pub. L.Pub. L. 102–550, title IX, § 909(2)
Cites 10 · showing 7Cited by 95 across 6 sources