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Thursday, November 21, 2019

What is the mean by Community Reinvestment Act in real estate?

If you are searching for the meaning of the Community Reinvestment Act in real estate and also a definition of Community Reinvestment Act,  then this blog post is helpful for you

Definition

The federal law which requires federally regulated lenders to describe the geographical market area they serve. Deposits from that area are to be reinvested in that area whenever practical. 

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