CRA Compliance Program
This service will help assure the institution receives at least a "Satisfactory" rating from the federal regulators.
- Perform an onsite CRA compliance review. Based on the federal regulatory agencies’ CRA examination guidelines, this would, at a minimum:
- Determine the adequacy of the institution’s assessment area,
- Evaluate the distribution and volume of the institution’s lending activity,
- Evaluate the institution’s qualified investments,
- Determine the availability and effectiveness for delivering lending and deposit services, and
- Test the integrity of the institution’s Loan Application Register (LAR) as required by the Home Mortgage Disclosure Act (HMDA).
- Assist in organizing the CRA compliance management function.