12-U.S.C.-2908
§2908 – Small Bank Regulatory Relief
Pathway
Title 12 > Chapter 30 > Section 2908
Details
- Reference: Section 2908
- Legend: §2908 – Small Bank Regulatory Relief
- USCode Year: 2013
Provision Content
(a) In general
Except as provided in subsections (b) and (c) of this section, 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 facilities
A regulated financial institution described in subsection (a) of this section shall remain subject to examination under this chapter in connection with an application for a deposit facility.
(c) Discretion
A regulated financial institution described in subsection (a) of this section 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.)
U.S. Encyclopedia of Law Coverage
12-U.S.C.-501 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-501, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-2901 in the Legal Encyclopedia: Investment
In this entry about 12-U.S.C.-2901, find legal reference material, bibliographies and premiere content related to investment in the American Encyclopedia of Law, presenting a comprehensive view of the United States investment-specific issues, written by authorities in the field.
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