Real Property - Insufficient Condominium Reserve Account Grant Fund - Establishment
What this bill does
Requiring regulated financial institutions to develop a community benefit plan in connection with applications to the Commissioner of Financial Regulation relating to financial services for purposes of providing safe and sound loans, and other financial products for low-and moderate-income individuals and communities and other distressed or underserved individuals and communities; requiring the Commissioner to exercise certain oversight authority relating to the adequacy of the community benefit plans and attainment of goals; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.