District Of Columbia § 26-431.06 - Rating system for community development performance.
Full text of District Of Columbia D.C. Code § 26-431.06 — Rating system for community development performance., with citation guidance and answers to common questions.
§ 26-431.06. Rating system for community development performance.
26-431.06The Commissioner shall establish, by regulation, a system to rate the community development performance of a financial institution. The system shall include the following rating categories:
Outstanding record of performance in meeting the credit needs of its local communities;
Highly satisfactory record of performance in meeting the credit needs of its local communities;
Satisfactory record of performance in meeting the credit needs of its local communities;
Needs to improve record of performance in meeting the credit needs of its local communities; and
Substantial noncompliance in meeting the credit needs of its local communities.
The Commissioner shall consider the compliance of the financial institution with the community development plan submitted under in assessing and rating the community development performance of the financial institution.
The CFO, when evaluating the community development plan of a deposit-receiving institution shall review the rating category or score assigned to the deposit-receiving institution’s plan by the applicable financial supervisory agency and shall publish the final review on its website.
The CFO shall receive public comments during a 30-day public comment period when reviewing and evaluating the community development plan of a deposit-receiving institution.
The CFO shall consider in the evaluation done pursuant to subsection (c) of this section whether a deposit-receiving institution is engaged in discriminatory, unfair, or deceptive lending practices as determined by federal agencies under the Equal Credit Opportunity Act, approved October 28, 1974 (88 Stat. 1521; 15 U.S.C. § 1691 et seq.), and the Fair Housing Act, approved September 13, 1988 (82 Stat. 81; 42 U.S.C. §§ 3601 et seq.), and their implementing regulations, or under [ seq.], or [et seq.], and their implementing regulations.
To apply for a deposit services contract with the District government, a financial institution must receive at least a “satisfactory” rating on its most recent CRA exam.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 26-431.06
What does D.C. Code § 26-431.06 cover?
Section 26-431.06 ("Rating system for community development performance.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 26-431.06?
A common citation format is "D.C. Code § 26-431.06" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 26-431.06 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.