Cal. Code Regs. tit. 21, § 7111 – Affirmative Loan Statement.

(a) (Reserved)
(b) In connection with its examination of a financial institution, the Commissioner of Financial Institutions shall assess the record of the financial institution in helping meet the financial assistance needs of its entire community, including low- and moderate-income neighborhoods and geographic areas.
(c) This section shall not apply to non-depository financial institutions.

Note: Authority cited: Section 35814, Health and Safety Code. Reference: Section 35802 and Sections 35810-35815, Health and Safety Code.

History

1. Order of Repeal of subsection (a) filed 6-3-85 by OAL pursuant to Government Code Section 11349.7; effective thirtieth day thereafter (Register 85, No. 26).

2. Change without regulatory effect amending subsection (b) filed 2-5-2002 pursuant to section 100, title 1, California Code of Regulations (Register 2002, No. 6).