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From:La Shelley SimsProposal:1723 (AF94) Reg BB Community Reinvestment Subject:R1723 Community Reinvestment Comments: Date:Feb 17, 2021 Proposal:Regulation BB: Community Reinvestment Act [R1723] Document
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What is r-1723 community reinvestment act?
The r-1723 community reinvestment act is a federal law that encourages financial institutions to meet the credit needs of the communities in which they operate, including low and moderate income neighborhoods.
Who is required to file r-1723 community reinvestment act?
Banks and other financial institutions that meet certain criteria are required to file the r-1723 community reinvestment act.
How to fill out r-1723 community reinvestment act?
The r-1723 community reinvestment act requires financial institutions to report on their lending activities in low and moderate income communities, as well as any efforts they have made to meet the credit needs of those communities.
What is the purpose of r-1723 community reinvestment act?
The purpose of the r-1723 community reinvestment act is to encourage financial institutions to help meet the credit needs of all segments of their communities, including low and moderate income neighborhoods.
What information must be reported on r-1723 community reinvestment act?
Financial institutions must report on their lending activities in low and moderate income communities, as well as any community development activities they have undertaken.
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