Finance
A Maine lender who is subject to the Community Reinvestment Act must:
AGive preferential rates to low-income borrowers
BMeet the credit needs of all communities in their assessment area, including LMI areas✓ Correct
CApprove all applications from low-income borrowers
DDonate 1% of profits to affordable housing
Explanation
The CRA requires regulated banks to meet the credit needs of their entire community, including low- and moderate-income (LMI) neighborhoods, and their CRA performance is evaluated by bank regulators.
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