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TREAS/OCC RIN: 1557-AD10 Publication ID: Fall 2008 
Title: ●Community Reinvestment Act Regulations 
Abstract: The OCC, FRB, FDIC, and OTS are planning to issue a notice of proposed rulemaking to revise the term "community development" on a temporary basis, to include certain activities, including affordable housing, that revitalize or stabilize middle-income geographies designated by the agencies as affected by high levels of mortgage loan delinquencies and foreclosures. In addition, the proposal would provide favorable CRA consideration for credit, home-ownership, and foreclosure prevention counseling, and financial education to middle-income homeowners in default on the primary residence mortgage or where such default is reasonably foreseeable. The proposal would also incorporate into the agencies' rules statutory language that allows the agencies to consider capital investment, loan participation, and other ventures undertaken by nonminority-owned and nonwomen-owned financial institutions in cooperation with minority- and women-owned financial institutions and low-income credit unions. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 25   
Legal Authority: 12 USC 21 and 22    12 USC 26 and 27    12 USC 30    12 USC 36    12 USC 93a    12 USC 161    12 USC 215 to 215a    12 USC 481    12 USC 1814    12 USC 1816    12 USC 1828(c)    12 USC 1835a    12 USC 2901 to 2907    12 USC 3101 to 3111   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2008    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Patrick T. Tierney
Counsel
Department of the Treasury
Comptroller of the Currency
Legislative and Regulatory Activities Division, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-6291
Email: patrick.tierney@occ.treas.gov