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.
[Statutory Authority: RCW
43.320.040,
43.320.050,
30A.04.030,
30A.12.060,
30A.04.140,
30A.04.210,
30A.04.212,
30A.60.010 – [30A.60.]901,
30A.08.140,
30A.08.150,
30A.04.125 and section 939A of the Dodd-Frank Act. WSR 17-24-053, § 208-512-130, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW
30.04.030 and
43.320.040. WSR 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. WSR 87-02-010 (Order 66), § 50-12-130, filed 12/30/86.]