Finance
Under the Community Reinvestment Act (CRA), North Dakota banks are evaluated on their efforts to:
AMaximize profits in their primary market area
BMeet the credit needs of all segments of their community, including low-to-moderate income neighborhoods✓ Correct
COnly finance agricultural operations
DComply with RESPA disclosure requirements
Explanation
The CRA requires banks to meet the credit needs of their entire community, including low-to-moderate income neighborhoods, and subjects them to periodic CRA examinations that can affect regulatory approval of bank expansions.
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