Federal legislation of 1977 (and subsequent amendments) for the purpose of encouraging banks and thrifts (savings and loans) to make more loans in their local areas. The act created the national consumer cooperative bank to make loans to local banks and thrifts for community investment (loans) and also to guarantee certain loans made in the local community.

The federal law which requires federally regulated lenders to describe the geographical market area they serve. Deposits from that area are to be reinvested in that area whenever practical.

Federal legislation which requires every financial institution to help meet the credit needs of its entire community including low and moderate income neighborhoods.

Federal law passed in 1977 to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound banking operations. The CRA requires that each insured depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities, including mergers and acquisitions.

A law that requires banks and other financial institutions to meet the credit needs of their communities including low and moderate income sections of the community. The act also requires banks to submit reports concerning their investments in the areas where they do business.

The Community Reinvestment Act requires federal agencies to encourage depository financial institutions to help meet the credit needs of their communities, including low- and moderate- income neighborhoods. The regulatory agencies assess the institutions' records of meeting those credit needs by preparing a written evaluation of the institutions and assigning a rating with facts supporting the conclusions. Such ratings shall be disclosed to the public for examinations beginning July 1, 1990. The Act also requires regulatory agencies to consider an institution's record of helping to meet community credit needs when evaluating certain corporate applications, such as permission to establish a branch, to relocate a branch or home office, or to merge.

A federal law intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound banking operations. The CRA requires periodic evaluation of each depository institution's record in helping meet the credit needs of its entire community. http://www.bos.frb.org/commdev/pdf/cra.pdf

A federal statute enacted in 1977 that prohibits redlining (the practice of restricting credit in low-income or minority neighborhoods within a bank's business area). Under CRA, banks are required to invest in the communities where they are chartered. Traditionally, this obligation has been fulfilled with investments in housing. In 1996 the regulations were broadened to encourage investments in other community supports, including child care programs. Back to the top

A federal law that requires regulating agencies to examine banks to ensure that they are meeting the credit needs of the communities they serve, especially low- and moderate-income communities.

This act requires financial institutions to meet the credit needs of their community, including low and moderate-income sections of the local community. It also requires banks to make reports concerning their investment in the areas where they do business.

A 1977 federal law that requires banks and savings and loan associations to help meet the credit needs of their local communities, including low-income communities.

A federal law that encourages financial institutions to loan money in the neighborhoods where minority depositors live.

A federal law that requires financial institutions to lend in areas where they take deposits, including in poor and minority neighborhoods. Conventional loan or conventional financing - A mortgage that is not insured or guaranteed by a government agency such as the Federal Home Administration (FHA) or Veterans Administration (VA).

A law formulated in 1977 that requires regulating agencies to examine banks and savings and loans to ensure that they take affirmative steps to help meet the credit needs of the communities they are chartered to serve, especially low and moderate income communities. The CRA Reform of 1995 further strengthened the lending requirements.

An act encouraging banks to meet the credit needs of all communities within its market area. Under the act, banks are to make available credit on a safe and sound basis to moderate and low income neighborhoods within its delineated market area.

Under provisions of the Community Reinvestment Act of 1977, banks and thrift institutions seek opportunities to help meet the credit needs of their local communities, including low -- and moderate -- income neighborhoods, consistent with safe and sound operation of the institutions.

The Community Reinvestment Act (or CRA, , title VIII, , et seq.) is a United States federal law that requires banks and Savings and loan associations to offer credit throughout their entire market area and prohibits them from targeting only wealthier neighborhoods with their services, a practice known as "redlining." The purpose of the CRA is to provide credit, including home ownership opportunities to underserved populations and commercial loans to small businesses.