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Title 12, Banks and BankingRelease 119-110

§4708 Training

Title 12 › CHAPTER 47 — COMMUNITY DEVELOPMENT BANKING › SUBCHAPTER I — COMMUNITY DEVELOPMENT BANKING AND FINANCIAL INSTITUTIONS › § 4708

Last updated Sep 23, 2026|Official source

Summary

The Fund can run a training program to help community development lenders and other financial firms build skills to serve poor and underserved places and people. The training teaches making and managing loans and investments, underwriting and loan servicing, handling equity investments, and offering development services targeted to economically distressed areas, low-income people, and those with little access to loans or investment. The Fund may offer the training itself or hire outside experts, even if those experts do not get other help under this law. It must work with other federal agencies to avoid duplicate programs. The Fund’s Administrator may charge fees only to people who take the training. Fees can only cover the Fund’s training costs, may not exceed total costs in any fiscal year, and each person’s fee must be fair based on the share of services they receive.

Full Legal Text

Title 12, §4708

Banks and Banking, Source: USLM XML via OLRC

(a)In general
The Fund may operate a training program to increase the capacity and expertise of community development financial institutions and other members of the financial services industry to undertake community development finance activities.
(b)Program activities
The training program shall provide educational programs to assist community development financial institutions and other members of the financial services industry in developing lending and investment products, underwriting and servicing loans, managing equity investments, and providing development services targeted to areas of economic distress, low-income persons, and persons who lack adequate access to loans and equity investments.
(c)Participation
The training program shall be made available to community development financial institutions and other members of the financial services industry that serve or seek to serve areas of economic distress, low-income persons, and persons who lack adequate access to loans and equity investments.
(d)Contracting
The Fund may offer the training program described in this section directly or through a contract with other organizations. The Fund may contract to provide the training program through organizations that possess special expertise in community development, without regard to whether the organizations receive or are eligible to receive assistance under this subchapter.
(e)Coordination
The Fund shall coordinate with other appropriate Federal departments or agencies that operate similar training programs in order to prevent duplicative efforts.
(f)Regulatory fee for providing training services
(1)General rule
The Fund may, at the discretion of the Administrator and in accordance with this subsection, assess and collect regulatory fees solely to cover the costs of the Fund in providing training services under a training program operated in accordance with this section.
(2)Persons subject to fee
Fees may be assessed under paragraph (1) only on persons who participate in the training program.
(3)Limitation on manner of collection
Fees may be assessed and collected under this subsection only in such manner as may reasonably be expected to result in the collection of an aggregate amount of fees during any fiscal year which does not exceed the aggregate costs of the Fund for such year in providing training services under a training program operated in accordance with this section
(4)Limitation on amount of fee
The amount of any fee assessed under this subsection on any person may not exceed the amount which is reasonably based on the proportion of the training services provided under a training program operated in accordance with this section which relate to such person.

Reference

Citations & Metadata

Citation

12 U.S.C. § 4708

Title 12, Banks and Banking

Last Updated

Sep 23, 2026

Release point: 119-110