---
kind: "section"
citation: "12 C.F.R. § 1290.4"
title: "12"
number: "1290.4"
heading: "FHFA review and decision on Community Support Statements."
url: "https://uscodex.org/cfr/12/1290.4"
---

# §1290.4. FHFA review and decision on Community Support Statements.

- (a) **Review by FHFA.** FHFA will review each member approximately once every two years for compliance with the community support requirements of this part.
- (b) **Complete Community Support Statements.** A Community Support Statement is complete when a member has provided to FHFA all of the information required by this part.
- (c) **Decision on Community Support Statements.** FHFA will provide written notice to the member's Bank of FHFA's determination regarding the Community Support Statement submitted by the member. A notice placing a member on probation or restricting the member's access to long-term Bank advances will identify the reasons for FHFA's determination. The Bank must promptly notify the member of FHFA's determination regarding the member's Community Support Statement.

## Notes

### Authority

Authority: 12 U.S.C. 1430(g).

### Source

Source: 80 FR 30342, May 28, 2015, unless otherwise noted.