ARM 2.59.113

ARM 2.59.113. INVESTMENTS BY BANKS TO PROMOTE THE PUBLIC WELFARE

Last amended: 2025Length: 63 wordsOfficial source

Cite as Mont. Admin. R. 2.59.113

(1) The department incorporates by reference the Office of the Comptroller of the Currency Code of Federal Regulations (12 CFR Part 24.1 through 24.7, 1996 edition) that implement 12 USC 24, which authorizes national banks to make investments designed primarily to promote the public welfare, including the welfare of low and moderate income areas or individuals, such as providing housing, services, or jobs.
ARM 2.59.113: ARM 2.59.113. INVESTMENTS BY BANKS TO PROMOTE THE PUBLIC WELFARE | Justis AI