2015 US Code
Title 12 - Banks and Banking (Sections 1 - 5710)
Chapter 30 - Community Reinvestment (Sections 2901 - 2908)
Sec. 2908 - Small bank regulatory relief
| Publication Title | United States Code, 2012 Edition, Supplement 3, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 30 - COMMUNITY REINVESTMENT Sec. 2908 - Small bank regulatory relief |
| Contains | section 2908 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 95-128, title VIII, §809, as added Pub. L. 106-102, title VII, §712, Nov. 12, 1999, 113 Stat. 1469. |
| Statutes at Large Reference | 113 Stat. 1469 |
| Public and Private Law | Public Law 95-128, Public Law 106-102 |
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Except as provided in subsections (b) and (c), any regulated financial institution with aggregate assets of not more than $250,000,000 shall be subject to routine examination under this chapter—
(1) not more than once every 60 months for an institution that has achieved a rating of "outstanding record of meeting community credit needs" at its most recent examination under section 2903 of this title;
(2) not more than once every 48 months for an institution that has received a rating of "satisfactory record of meeting community credit needs" at its most recent examination under section 2903 of this title; and
(3) as deemed necessary by the appropriate Federal financial supervisory agency, for an institution that has received a rating of less than "satisfactory record of meeting community credit needs" at its most recent examination under section 2903 of this title.
(b) No exception from CRA examinations in connection with applications for deposit facilitiesA regulated financial institution described in subsection (a) shall remain subject to examination under this chapter in connection with an application for a deposit facility.
(c) DiscretionA regulated financial institution described in subsection (a) may be subject to more frequent or less frequent examinations for reasonable cause under such circumstances as may be determined by the appropriate Federal financial supervisory agency.
(Pub. L. 95–128, title VIII, §809, as added Pub. L. 106–102, title VII, §712, Nov. 12, 1999, 113 Stat. 1469.)
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