§31A-8B-1. Short Title

This article may be cited as the "West Virginia Community Reinvestment Act."

§31A-8B-2. Legislative Findings and Purpose

(a) The Legislature finds that: (1) Banking institutions are required by law to demonstrate that their deposit facilities serve the convenience and needs of the communities in which they are chartered to do business;

§31A-8B-3. Application for a Deposit Facility; Definition

The term "application for a deposit facility" means an application to the commissioner or board for: (a) A charter for a state bank; (b) The relocation of the principal office or a branch of a state bank; (c) The establishment of a branch bank in an unbanked area requiring approval under section twelve, article eight […]

§31A-8B-4. Assessment of the Institution's Reinvestment in the Community

In connection with its examination or investigation of a banking institution or bank holding company, the commissioner or board shall: (a) Assess the institution's record of meeting the credit needs of its entire community, including low-and moderate-income neighborhoods, consistent with the safe and sound operation of such institution; and (b) Take such record into account […]

§31A-8B-5. Rules and Regulations

Regulations to carry out the purposes of this article shall be promulgated by the commissioner.