Community development loan

Community development loan means a loan, including a legally binding commitment to extend credit, such as a standby letter of credit, that supports community development, as described in 345.13. A community development loan does not include any home mortgage loan considered under the Retail Lending Test in 345.22, with the exception of one-to-four family home mortgage loans for rental housing with affordable rents in nonmetropolitan areas under 345.13(3).

Source

12 CFR § 345.12

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Scoping language

For purposes of this part, the following definitions apply:

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