12 U.S.C. § 2801 : US Code - Section 2801: Congressional findings and declaration of purpose

Search 12 U.S.C. § 2801 : US Code - Section 2801: Congressional findings and declaration of purpose

(a) Findings of Congress
The Congress finds that some depository institutions have
sometimes contributed to the decline of certain geographic areas by
their failure pursuant to their chartering responsibilities to
provide adequate home financing to qualified applicants on
reasonable terms and conditions.
(b) Purpose of chapter
The purpose of this chapter is to provide the citizens and public
officials of the United States with sufficient information to
enable them to determine whether depository institutions are
filling their obligations to serve the housing needs of the
communities and neighborhoods in which they are located and to
assist public officials in their determination of the distribution
of public sector investments in a manner designed to improve the
private investment environment.
(c) Construction of chapter
Nothing in this chapter is intended to, nor shall it be construed
to, encourage unsound lending practices or the allocation of
credit.