A financial institution shall have a continuing and affirmative obligation to meet the credit needs of its local communities, including low-income and moderate-income area, consistent with the safe and sound operation of the financial institution.
(June 9, 2001, D.C. Law 13-308, § 403, 48 DCR 3244.)
This section is referenced in § 26-431.06.
Structure District of Columbia Code
Title 26 - Banks and Other Financial Institutions
Chapter 4A - Community Development by Financial Institutions
§ 26–431.03. Community needs obligation
§ 26–431.04. Community development plan requirement
§ 26–431.05. Monitoring compliance with the community development plan
§ 26–431.06. Rating system for community development performance
§ 26–431.07. Examinations in cooperation with other regulators
§ 26–431.08. Authority of Commissioner to issue rules and regulations