### Question
How does the law define minority depository institution?


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

> an entity that is—


(A) a minority depository institution, as defined in section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1463 note)

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

