A bill to exempt certain financial institutions from the examination requirements of the Community Reinvestment Act of 1977.

Summary

Amends the Community Reinvestment Act of 1977 to exempt from its examination requirements a regulated financial institution if: (1) its main office is located in an area of 15,000 or less population outside a metropolitan statistical area; (2) the institution and its parent bank holding company have maximum aggregate assets of $75,000,000; and (3) the aggregate outstanding balances of secured and unsecured loans made by the institution constitute at least 50 percent of its deposits.

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Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 1 April 1992

  Open at official source

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