Code of Federal Regulations · Section
§ 1263.8 — Subject To Inspection And Regulation Requirement
12 C.F.R. § 1263.8
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An applicant shall be deemed to be subject to inspection and regulation, as required by section 4(a)(1)(B) of the Bank Act (12 U.S.C. 1424 (a)(1)(B)) and § 1263.6(a)(2) if, in the case of an insured depository institution or insurance company applicant, it is subject to inspection and regulation by its appropriate regulator. A CDFI applicant that is certified by the CDFI Fund is not subject to this requirement.
Authorizing Statute
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Eligibility for membership12 U.S.C. § 1424
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Definitions12 U.S.C. § 1422