### Question
How does the law define community development financial institution?


### Answer
Under *12 U.S.C. § 4702*, **community development financial institution** is defined as:

> a person (other than an individual) that—


(i) has a primary mission of promoting community development

#### Citation:
  - *12 U.S.C. § 4702*
  - Heading: **CHAPTER 47-COMMUNITY DEVELOPMENT BANKING > SUBCHAPTER I-COMMUNITY DEVELOPMENT BANKING AND FINANCIAL INSTITUTIONS**

