Mortgage Terms: Intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,

including low to moderate income neighborhoods, consistent with safe and sound banking operations.

Question

Intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,

including low to moderate income neighborhoods, consistent with safe and sound banking operations.

Memorable Ladybug · Accepted Answer

Community Reinvestment Act (1977)

Intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low to moderate income neighborhoods, consistent with safe and sound banking operations.