### Question
How does the law define eligible institution?


### Answer
Under *12 U.S.C. § 4703a*, **eligible institution** is defined as:

> any low- and moderate-income community financial institution that is eligible to participate in the Program

#### Citation:
  - *12 U.S.C. § 4703a*
  - Heading: **CHAPTER 47-COMMUNITY DEVELOPMENT BANKING > SUBCHAPTER I-COMMUNITY DEVELOPMENT BANKING AND FINANCIAL INSTITUTIONS**

