Effect of CRA performance on applications.

CFR · 2024-01-01 · US · Title 12

(a) (1) The establishment of: (i) A domestic branch for insured national banks; or (ii) A domestic branch or other facility that would be authorized to take deposits for savings associations; (2) The relocation of the main office or a branch; (3) The merger or consolidation with or the acquisition of assets or assumption of liabilities of an insured depository institution requiring approval under the Bank Merger Act (12 U.S.C. 1828(c)); and (4) The conversion of an insured depository institution to a national bank or Federal savings association charter; and (5) Acquisitions subject to section 10(e) of the Home Owners' Loan Act (12 U.S.C. 1467a(e)). (b) (2) An applicant for a Federal savings association charter shall submit with its application a description of how it will meet its CRA objectives. The appropriate Federal banking agency takes the description into account in considering the application and may deny or condition approval on that basis. (c) (d) (e)

official document · source cfr-2024 · id 12:§ 25.29