§ 1805.800 Safety and soundness.
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Title 12 CFR: Banks and Banking › Chapter XVIII: COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY › Part 1805: COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM › Subpart H: Terms and Conditions of Assistance › § 1805.800: § 1805.800 Safety and soundness.
Text
(a)
Regulated institutions.
Nothing in this part, or in an Assistance Agreement, shall affect any authority of an Appropriate Federal Banking Agency or Appropriate State Agency to supervise and regulate any institution or company.
(b)
Non-Regulated CDFIs.
The CDFI Fund will, to the maximum extent practicable, ensure that Recipients that are Non-Regulated CDFIs are financially and managerially sound and maintain appropriate internal controls.
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