West Virginia § 31A-8B-4 Assessment of the institution's reinvestment in the community

West Virginia Statutes

§ 31A-8B-4 — Assessment of the institution's reinvestment in the community

West Virginia·Ch. 31A BANKS AND BANKING·Art. 8B COMMUNITY REINVESTMENT ACT

In connection with its examination or investigation of a banking institution or bank holding company, the commissioner or board shall:

(a)Assess the institution's record of meeting the credit needs of its entire community, including low-and moderate-income neighborhoods, consistent with the safe and sound operation of such institution; and

(b)Take such record into account in its evaluation of an application for a deposit facility or for permission to engage in financially related services by such institution.

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In connection with its examination or investigation of a banking institution or bank holding company, the commissioner or board shall:

(a) Assess the institution's record of meeting the credit needs of its entire community, including low-and moderate-income neighborhoods, consistent with the safe and sound operation of such institution; and

(b) Take such record into account in its evaluation of an application for a deposit facility or for permission to engage in financially related services by such institution.

West Virginia § 31A-8B-4 (Assessment of the institution's reinvestment in the community) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.