NCUA FAQs 2016 – What NCUA reports will a federal credit union receive at the conclusion of a fair lending examination or off-site supervision contact?

Compliance > Lending > Fair Lending
Q:  What NCUA reports will a federal credit union receive at the conclusion of a fair lending examination or off-site supervision contact?
 
A:     At the conclusion of a fair lending examination,  a credit union will receive a written examination report including an Overview, Supplementary Facts, Findings, Loan Exceptions and, if applicable, a Document of Resolution.
 
At the conclusion of a supervision contact, a credit union will receive written results including an Overview, Supplementary Facts, and Findings.  If the off-site supervision contact identifies deficiencies, OCFPA will provide recommendations for corrective action.
 
 
ADDITIONAL INFORMATION:
This information was obtained from the NCUA’s Fair Lending Compliance Program For Federal Credit Unions, Frequently Asked Questions and Answers – December 2016, which may be accessed here: https://www.ncua.gov/Legal/GuidesEtc/GuidesManuals/NCUA-Fair-Lending-Compliance-Program-FAQs.pdf
 

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