12 CFR § 1290.4 - FHFA review and decision on Community Support Statements.

---
identifier: "/us/cfr/t12/s1290.4"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1290.4 - FHFA review and decision on Community Support Statements."
title_number: 12
title_name: "Banks and Banking"
section_number: "1290.4"
section_name: "FHFA review and decision on Community Support Statements."
chapter_name: "FEDERAL HOUSING FINANCE AGENCY"
subchapter_number: "E"
subchapter_name: "HOUSING GOALS AND MISSION"
part_number: "1290"
part_name: "COMMUNITY SUPPORT REQUIREMENTS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1430(g)."
regulatory_source: "80 FR 30342, May 28, 2015, unless otherwise noted."
cfr_part: "1290"
---


# 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.