Which Regulation Requires Out-Of-State-Banks That Acquire Local Banks to Commit

question 1

Multiple Choice

Which regulation requires out-of-state-banks that acquire local banks to commit to continued lending in the area and not use the acquired banks simply as deposit gatherers?

• A) Equal Credit Opportunity Act
• B) National Bank Act
• C) Federal Lending Act
• D) Fair Credit Reporting Act
• E) Community Reinvestment Act

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Definitions:

Evolutionary Motives

The underlying biological and genetic purposes that drive behaviors, believed to aid in survival and reproduction.

Physical Health

A state of well-being in which an individual is able to perform daily activities without limitations, pain or physical restrictions, often achieved through regular exercise, healthy diet, and sufficient rest.

Mental Health

The psychological state of someone who is functioning at a satisfactory level of emotional and behavioral adjustment; encompasses emotional, psychological, and social well-being.

Loneliness

The subjective feeling of being alone or isolated, regardless of the actual level of social contact or support.