Community Reinvestment Act at Real Estate Glossary

What is it? A federal law that encourages financial institutions to loan money in the neighborhoods where minority depositors live.

Real Estate Definition Added By: Alexis

Send To Friends!

If you'd like to send the Community Reinvestment Act definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Community Reinvestment Act. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term Endowment Funds is Many commercial banks and mortgage bankers handle investments for endowment funds. The endowments of hospitals, universities, colleges, charitable foundations and other institutions provide a good source of financing for low-risk commercial and industrial

Real Estate Term The 72-hour clause is When a buyer has a house to sell before they can purchase another home, most sellers insist on a 72-hour clause. In the event of a better offer coming in before the contingency is settled, this clause entitles the seller to give the buyer 72 hours to remove the contingency or lose the house.

Real Estate Term Fractional Section is A parcel of land less than 160 acres, usually found at the edge of a rectangular survey. Undersized or oversized sections are classified as fractional sections. Fractional sections may occur for a number of reasons. In some areas, for instance, the rectan

Real Estate Term Assumption Subject To is When a loan is taken subject to, the seller agrees to remain liable and the buyer accepts no liability in the event of a deficiency on a foreclosure. (See assumption of mortgage, foreclosure)

Real Estate Term Administrator is A person given authority to manage and distribute the estate of someone who died without leaving a will.