Interagency Q&A .12(g)(4)(ii) – 1: What is a “designated disaster area” and how long does it last?

Compliance > Regulation BB - CRA
Q:  § __.12(g)(4)(ii) – 1: What is a “designated disaster area” and how long does it last?
A:  A “designated disaster area” is a major disaster area designated by the Federal government.  Such disaster designations include, in particular, Major Disaster Declarations administered by the Federal Emergency Management Agency (FEMA) (, but excludes counties designated to receive only FEMA Public Assistance Emergency Work Category A (Debris Removal) and/or Category B (Emergency Protective Measures).
Examiners will consider institution activities related to disaster recovery that revitalize or stabilize a designated disaster area for 36 months following the date of designation.  Where there is a demonstrable community need to extend the period for recognizing revitalization or stabilization activities in a particular disaster area to assist in long-term recovery efforts, this time period may be extended.
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:

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