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affirmative lending |
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affirmative lending Obligation placed upon federally chartered lenders by virtue of the Community Reinvestment Act, and upon state-chartered lenders by similar state legislation. Requires lenders to exert efforts to match the demographic character of their loan portfolios to the demographic character of the community in which they operate. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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