Source: https://code.dccouncil.us/dc/council/code/sections/26-431.02.html
Timestamp: 2019-04-26 00:16:30+00:00

Document:
D.C. Law Library - § 26–431.02. Definitions.
(1) “CFO” means the Chief Financial Officer of the District of Columbia, established by § 1-204.24a.
(E) Activities that seek to prevent defaults or foreclosures on loans made for the purposes described in subparagraphs (A) and (C) of this paragraph.
(C) Benefits the bank’s assessment area or a broader District-wide or regional area that includes the bank’s assessment area.
(2) “Community Reinvestment Act” shall mean the Community Reinvestment Act of 1977, approved October 12, 1977 (91 Stat. 1147; 12 U.S.C. § 2901 et seq.).
(3) “Commissioner” shall have the same meaning as set forth in § 26-551.02(7).
(4) “Department” shall have the same meaning as set forth in § 26-551.02(9).
(4A) “Deposit-receiving institution” means a federal, state, or District chartered bank, savings institution, or credit union that receives after March 11, 2015, District contracts pursuant to §§ 47-351.02(c) and 47-351.03, including any chartered bank, savings institution, or credit union that has applied to be or is regulated, supervised, examined, or licensed by the Department or a District chartered bank that is engaged in activity covered by §§ 47-351.02(c) and 47- 351.03; except, that the provision of services provided for and deposits made with regard to District debt transactions does not create a deposit-receiving institution, notwithstanding that deposit receiving institutions may provide those services or receive those deposits.
(C) A commercial, industrial, residential, or other economic development project which the Commissioner determines will benefit the District.
(5A) “Elderly resident” means a District resident 55 years of age or older.
(6) “Federal financial supervisory agency” means the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision and any successor to any of the foregoing agencies, as applicable to the specific type of bank.
(7) “Financial institution” shall have the same meaning as in § 26-551.02(18).
(8) “Low-income” shall have the same meaning as set forth in § 26-1401.02(21).
(9) “Low-income area” means a census tract or block numbering area in which the median individual or family income does not exceed 65% of the median income of the Washington, D.C., metropolitan area as determined by the statistics of the United States Department of Housing and Urban Development.
(10) “Moderate-income” shall have the same meaning as set forth in § 26-1401.02(22).
(11) “Moderate-income area” means a census tract or block numbering area in which the median individual or family income does not exceed 80% of the median income for the Washington, D.C. metropolitan area as determined by the statistics of the United States Department of Housing and Urban Development.
(12) “Minority group” means African-Americans, Hispanic-Americans, Latinos, Asian-Americans, Pacific Islander-Americans, American Indians, Native Americans, or Alaskan-Natives.
(C) More than 50% of the net profit or loss accrues to owners who are members of a minority group.
(14) “Mortgage loan” means a loan that is secured by residential real property.
(14A) “Qualified investments” means a lawful investment, deposit, membership share, or grant that has as its primary purpose community development.
(15) “Small business loan” means a small business loan as defined in Federal Reserve System Regulation BB, 12 C.F.R. Part 228.
(C) More than 50% of the net profit or loss accrues to a woman owner or women owners.
“(3) ‘Commissioner’ means the Commissioner of the Department of Banking and Financial Institutions.
The 2015 amendment by D.C. Law 20-226 redesignated (1) as (1A); added (1), (1B), (4A), (5A) and (14A).
For temporary (90 day) amendment of section, see § 2(k) of Consolidation of Financial Services Emergency Amendment Act of 2004 (D.C. Act 15-381, February 27, 2004, 51 DCR 2653).

References: § 26
 § 1
 § 2901
 § 26
 § 26
 § 26
 § 26
 § 26
 § 2