Interagency Q&A .12(f) – 2: Are loan production offices (LPO) branches for purposes of the CRA?

Compliance > Regulation BB - CRA
Q:  § __.12(f) – 2: Are loan production offices (LPO) branches for purposes of the CRA?
 
A:  LPOs and other offices are not “branches” unless they are authorized as branches of the institution through the regulatory approval process of the institution’s supervisory Agency.
 
 
 
This Interagency Q&A, and others, was released in July 2016.  The 2016 Q&As consolidates and supersedes all previously published “Interagency Questions and Answers Regarding Community Reinvestment,” and were noted as being effective immediately.  They may be found here:  http://www.ffiec.gov/cra/qnadoc.htm
 

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