Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 12 - Banks and Banking |
Chapter XVIII - Community Development Financial Institutions Fund, Department of the Treasury |
Part 1805 - Community Development Financial Institutions Program |
Subpart I - Terms and Conditions of Assistance |
§ 1805.900 - Safety and soundness.
Latest version.
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(a)
Regulated institutions. Nothing in this part, or in an Assistance Agreement, shall affect any authority of an Appropriate Federal Banking Agency to supervise and regulate any institution or company.(b)
Non-Regulated CDFIs. The Fund will, to the maximum extent practicable, ensure that Awardees that are Non-Regulated CDFIs are financially and managerially sound and maintain appropriate internal controls.