- Administrator
means the Administrator of the Fund appointed under section 4703(b) of this title.
- affiliate
has the same meaning as in section 1841(k) of this title.
- appropriate Federal banking agency
has the same meaning as in section 1813 of this title, and also includes the National Credit Union Administration Board with respect to insured credit unions.
- bank holding company
has the meaning given the term in section 1841 of this title;
- Board
means the Community Development Advisory Board established under section 4703(d) of this title.
- community development financial institution
means a person (other than an individual) that—
- community partner
means a person (other than an individual) that provides loans, equity investments, or development services, including a depository institution holding company, an insured depository institution, an insured credit union, a nonprofit organization, a State or local government agency, a quasi-governmental entity, and an investment company authorized to operate pursuant to the Small Business Investment Act of 1958 [15 U.S.C. 661 et seq.].
- community partnership
means an agreement between a community development financial institution and a community partner to provide development services, loans, or equity investments, to an investment area or targeted population.
- controlling interest
means owning, controlling, or holding not less than 20 percent, by vote or value, of the outstanding amount of any class of equity interest in an entity.
- covered entity
means an entity in which a covered individual directly or indirectly holds a controlling interest.
- covered individual
means—
- depository institution holding company
has the same meaning as in section 1813 of this title.
- development services
means activities that promote community development and are integral to lending or investment activities, including—
- early loan
means a loan enrolled at a time when the aggregate covered amount of loans previously enrolled under the Program by a particular participating financial institution is less than $5,000,000;
- eligible community development financial institution
means a community development financial institution (as described in section 1805.201 of title 12, Code of Federal Regulations, or any successor thereto) certified by the Secretary that has applied to a qualified issuer for, or been granted by a qualified issuer, a loan under the Program.
- eligible institution
means any low- and moderate-income community financial institution that is eligible to participate in the Program;
- Emergency Capital Investment Fund
means the Emergency Capital Investment Fund established under subsection (b);
- enrolled loan
means a loan made by a participating financial institution that is enrolled by a participating State in accordance with this subchapter;
- equity interest
means—
- Executive department
has the meaning given the term in section 101 of title 5.
- financial institution
means any federally chartered or State-chartered commercial bank, savings association, savings bank, or credit union;
- Fund
means the Community Development Financial Institutions Fund established under section 4703(a) of this title.
- guarantee
means a written agreement between the Secretary and a qualified issuer (or trustee), pursuant to which the Secretary ensures repayment of the verifiable losses of principal, interest, and call premium, if any, on notes or bonds issued by a qualified issuer to finance or refinance loans to eligible community development financial institutions.
- Indian reservation
has the same meaning as in section 1903(10) of title 25, and shall include land held by incorporated Native groups, regional corporations, and village corporations, as defined in or established pursuant to the Alaska Native Claims Settlement Act [43 U.S.C. 1601 et seq.], public domain Indian allotments, and former Indian reservations in the State of Oklahoma.
- Indian tribe
means any Indian tribe, band, pueblo, nation, or other organized group or community, including any Alaska Native village or regional or village corporation, as defined in or established pursuant to the Alaska Native Claims Settlement Act [43 U.S.C. 1601 et seq.], which is recognized as eligible for the special programs and services provided by the United States to Indians because of their status as Indians.
- insured community development financial institution
means any community development financial institution that is an insured depository institution or an insured credit union.
- insured credit union
has the same meaning as in section 1752(7) of this title.
- insured depository institution
has the same meaning as in section 1813 of this title.
- investment area
means a geographic area (or areas) including an Indian reservation that—
- loan
means any credit instrument that is extended under the Program for any eligible community or economic development purpose.
- low- and moderate-income community financial institution
means any financial institution that is—
- low-income
means having an income, adjusted for family size, of not more than—
- master servicer
means any entity approved by the Secretary in accordance with subparagraph (B) to oversee the activities of servicers, as provided in subsection (f)(4).
- member of Congress
means a member of the Senate or House of Representatives, a Delegate to the House of Representatives, and the Resident Commissioner from Puerto Rico.
- minority
means any Black American, Native American, Hispanic American, Asian American, Native Alaskan, Native Hawaiian, or Pacific Islander;
- minority depository institution
means an entity that is—
- participating financial institution
means any financial institution that has entered into a participation agreement with a participating State in accordance with section 4744 of this title;
- participating State
means any State that has been approved for participation in the Program in accordance with section 4743 of this title;
- passive real estate ownership
means ownership of real estate for the purpose of deriving income from speculation, trade, or rental, except that such term shall not include—
- Program
means the Emergency Capital Investment Program established under subsection (b);
- Program administrator
means an entity designated by the issuer to perform administrative duties, as provided in subsection (f)(2).
- qualified issuer
means a community development financial institution (or any entity designated to issue notes or bonds on behalf of such community development financial institution) that meets the qualification requirements of this paragraph.
- reserve fund
means a fund, established by a participating State, earmarked for a particular participating financial institution, for the purposes of—
- savings and loan holding company
has the meaning given the term under section 1467a(a) of this title;
- Secretary
means the Secretary of the Treasury.
- servicer
means an entity designated by the issuer to perform various servicing duties, as provided in subsection (f)(3).
- small dollar loan program
means a loan program wherein a community development financial institution or any partnership between or among such institutions offers loans to consumers that—
- State
has the same meaning as in section 1813 of this title.
- subsidiary
has the same meaning as in section 1813 of this title, except that a community development financial institution that is a corporation shall not be considered to be a subsidiary of any insured depository institution or depository institution holding company that controls less than 25 percent of any class of the voting shares of such corporation, and does not otherwise control in any manner the election of a majority of the directors of the corporation.
- targeted population
means individuals, or an identifiable group of individuals, including an Indian tribe, who—
- training program
means the training program operated by the Fund under section 4708 of this title.
- transition period
means the period beginning on September 23, 1994, and ending on the date on which the Administrator is appointed.