§__.12(a) Affiliate Definition

§__.12(a) – 1

Q: Does the definition of “affiliate” include subsidiaries of an institution?

A1: Yes, “affiliate” includes any company that controls, is controlled by, or is under common control with another company. An institution’s subsidiary is controlled by the institution and is, therefore, an affiliate.

 

Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016

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