2009 West Virginia Code
CHAPTER 31A. BANKS AND BANKING
ARTICLE 8B. COMMUNITY REINVESTMENT ACT.
§31A-8B-4 Assessment of the institution's reinvestment in the community.
§31A-8B-4. Assessment of the institution's reinvestment in the
community.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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