12 USC 4717 - Enforcement

U.S Code last checked for updates: Nov 22, 2024

§ 4717.

Enforcement

(a)

Regulations

(1)

In general

(2)

Regulations required

The regulations promulgated under paragraph (1) shall include regulations applicable to community development financial institutions that are not insured depository institutions to—

(A)

prevent conflicts of interest on the part of directors, officers, and employees of community development financial institutions as the Fund determines to be appropriate; and

(B)

establish such standards with respect to loans by a community development financial institution to any director, officer, or employee of such institution as the Fund determines to be appropriate, including loan amount limitations.

(b)

Administrative enforcement

(Pub. L. 103–325, title I, § 119, Sept. 23, 1994, 108 Stat. 2188.)

cite as: 12 USC 4717