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The Community Reinvestment Act (CRA)was Passed in 1977 to Encourage

question 52

Multiple Choice

The Community Reinvestment Act (CRA) was passed in 1977 to encourage financial institutions to_________________________.It was revised in 1995 to ____________ the percentage of mortgage loans going to low- and moderate-income borrowers.


Definitions:

Tying Agreement

A sales agreement where the sale of one product (the "tying" product) is conditioned on the purchase of a second, distinct product (the "tied" product).

Agricultural Cooperatives

These are organizations formed by farmers to pool resources and collectively process, market, and distribute agricultural products, aiming to achieve better pricing and efficiency.

Clayton Act

A U.S. antitrust law enacted to prevent anti-competitive practices in their incipiency and to supplement the Sherman Antitrust Act.

Quantitative Substantiality Test

A legal assessment method used to evaluate the significance or amount of material copied in copyright infringement cases.

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