Substitute for Raised H.B. No. 6453
Session Year 2021
AN ACT REQUIRING THE BANKING COMMISSIONER TO CONSIDER THE PERFORMANCE OF CERTAIN BANKS UNDER THE COMMUNITY REINVESTMENT ACT BEFORE APPROVING THE ESTABLISHMENT OF CERTAIN LOAN PRODUCTION OFFICES AND ESTABLISHING A WORKING GROUP TO EXAMINE THE COMMUNITY REINVESTMENT ACT.
To require the Banking Commissioner to consider certain banks' compliance with the Community Reinvestment Act of 1977, and overall Community Reinvestment Act rating prior to approving the establishment of certain loan production offices.