**(a) Findings of Congress** The Congress finds that some depository institutions have sometimes contributed to the decline of certain geographic areas by their failure pursuant to their chartering responsibilities to provide adequate home financing to qualified applicants on reasonable terms and conditions.
**(b) Purpose of chapter** The purpose of this chapter is to provide the citizens and public officials of the United States with sufficient information to enable them to determine whether depository institutions are filling their obligations to serve the housing needs of the communities and neighborhoods in which they are located and to assist public officials in their determination of the distribution of public sector investments in a manner designed to improve the private investment environment.
**(c) Construction of chapter** Nothing in this chapter is intended to, nor shall it be construed to, encourage unsound lending practices or the allocation of credit.
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Source location: Title 12, Chapter 29, § 2801; chapter-029-home-mortgage-disclosure.md
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**(a) Findings of Congress** The Congress finds that some depository institutions have sometimes contributed to the decline of certain geographic areas by their failure pursuant to their chartering responsibilities to provide adequate home financing to qualified applicants on reasonable terms and conditions.
**(b) Purpose of chapter** The purpose of this chapter is to provide the citizens and public officials of the United States with sufficient information to enable them to determine whether depository institutions are filling their obligations to serve the housing needs of the communities and neighborhoods in which they are located and to assist public officials in their determination of the distribution of public sector investments in a manner designed to improve the private investment environment.
**(c) Construction of chapter** Nothing in this chapter is intended to, nor shall it be construed to, encourage unsound lending practices or the allocation of credit.
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Federal law — U.S. Code and appendices · legal_authorities
§ 2801. Congressional findings and declaration of
purpose
(a) Findings of Congress
The Congress finds that some depository insti-
tutions have sometimes contributed to the de-
cline of certain geographic areas by their failure
pursuant to their chartering responsibilities to
provide adequate home financing to qualified
applicants on reasonable terms and conditions.
(b) Purpose of chapter
The purpose of this chapter is to provide the
citizens and public officials of the United States
with sufficient information to enable them to
determine whether depository institutions are
filling their obligations to serve the housing
needs of the communities and neighborhoods in
which they are located and to assist public offi-
cials in their determination of the distribution
of public sector investments in a manner de-
signed to improve the private investment envi-
ronment.
(c) Construction of chapter
Nothing in this chapter is intended to, nor
shall it be construed to, encourage unsound
lending practices or the allocation of credit.
(Pub. L. 94–200, title III, § 302, Dec. 31, 1975, 89
Stat. 1125.)
Statutory Notes and Related Subsidiaries
SHORT TITLE
Pub. L. 94–200, title III, § 301, Dec. 31, 1975, 89 Stat.
1125, provided that: ‘‘This title [this chapter] may be
cited as the ‘Home Mortgage Disclosure Act of 1975’.’’
Page 1463
TITLE 12—BANKS AND BANKING
§ 2803
1 So in original. Probably should be ‘‘paragraph (5)’’.
§ 2802. Definitions
For purposes of this chapter—
(1) the term ‘‘Bureau’’ means the Bureau of
Consumer Financial Protection;
(2) the term ‘‘mortgage loan’’ means a loan
which is secured by residential real property
or a home improvement loan;
(3) the term ‘‘depository institution’’—
(A) means—
(i) any bank (as defined in section
1813(a)(1)