Interagency Q&A .42(b)(2) – 1: What information about community development loans must institutions report?

Compliance > Regulation BB - CRA
Q:  § __.42(b)(2) – 1: What information about community development loans must institutions report?
 
A:  Institutions subject to data reporting requirements must report the aggregate number and amount of community development loans originated and purchased during the prior calendar year.
 
 
 
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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