We don’t have a summary available yet.
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Nov 21, 1989.
Community Reinvestment Improvement Act of 1990 - Amends the Community Reinvestment Act of 1977 to state that when a Federal banking agency evaluates the deposit facility application of an insured depository institution it must take into account its most recent evaluation of the institution's record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods. Cites circumstances under which a satisfactory record of meeting such community credit needs will result in exemption from further assessment for a two-year period. Prescribes guidelines for evaluating a record of meeting the credit needs of the entire community.
