CFR > Title 24 > Subtitle B > Chapter V > Subchapter C > Part 578 > Subpart A – General Provisions
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§ 578.1 | Purpose and scope |
§ 578.3 | Definitions |
Terms Used In CFR > Title 24 > Subtitle B > Chapter V > Subchapter C > Part 578 > Subpart A - General Provisions
- Community Reinvestment Act: The Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC