Statutes, codes, and regulations
Washington Administrative Code
Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460)
Chapter 208-512 - Banks and trust companies
Section 208-512-130 - Community Reinvestment Act Purpose

Wash. Admin. Code § 208-512-130

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Current through Register Vol. 24-23, December 1, 2024
Section 208-512-130 - Community Reinvestment Act Purpose

WAC 208-512-180 and 208-512-190, inclusive, are intended to further refine the requirements under chapter 30A.60 RCW and RCW 30A.04.212 to encourage banks to help meet the credit needs of their local communities in satisfying their continuing and affirmative obligations to help meet the credit needs of the local communities, including low-income and moderate-income neighborhoods, consistent with safe and sound operation of those banks; and, to provide for further consideration of those records in connection with certain applications.

Wash. Admin. Code § 208-512-130

Amended by WSR 17-24-053, Filed 12/1/2017, effective 1/1/2018

Statutory Authority: RCW 30.04.030 and 43.320.040. 00-17-141, recodified as § 208-512-130, filed 8/22/00, effective 9/22/00. Statutory Authority: Chapter 30.60 RCW, RCW 30.04.212 and 30.04.214. 87-02-010 (Order 66), § 50-12-130, filed 12/30/86.