12 CFR § 1808.503 - Consultation with Appropriate Regulatory Agencies.
---
identifier: "/us/cfr/t12/s1808.503"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1808.503 - Consultation with Appropriate Regulatory Agencies."
title_number: 12
title_name: "Banks and Banking"
section_number: "1808.503"
section_name: "Consultation with Appropriate Regulatory Agencies."
chapter_name: "COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY"
part_number: "1808"
part_name: "COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS BOND GUARANTEE PROGRAM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "The Small Business Jobs Act of 2010, Pub. L. 111-240, §§ 1134 and 1703; 12 U.S.C. 4713a."
regulatory_source: "78 FR 8310, Feb. 5, 2013, unless otherwise noted."
cfr_part: "1808"
---
# 1808.503 Consultation with Appropriate Regulatory Agencies.
In the case of any CDFI Bond Guarantee Program applicant that is a Federally regulated financial institution (or an Affiliate thereof), the CDFI Fund may consult with the Appropriate Federal Banking Agency or Appropriate State Agency prior to designating the applicant as a Qualified Issuer, Servicer, Master Servicer/Trustee, Program Administrator or other role, making a final Guarantee commitment, issuing a Guarantee, and/or entering into an Agreement to Guarantee. The CDFI Fund also reserves the right, in its sole discretion, to consult with the Appropriate Federal Banking Agency and Appropriate State Agency with respect to any Eligible CDFI that is proposed to receive a Bond Loan or any Secondary Borrower that is proposed to receive a Secondary Loan.