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Every bank (small, intermediate small or large) needs to identify and document its community development (CD) activities in order to achieve the best possible CRA rating. Volume and distribution of loans are the primary factors that determine a bank’s overall CRA rating. A bank can achieve a great rating without any CD activities, but the likelihood of an outstanding or satisfactory rating increases with the volume of CD activities. While CD activities are not the primary factor in determining the overall rating many banks spend a disproportionate amount of time identifying and documenting CD activities.
The regulations and interpretations that define what qualifies as a CD activity are complex. In some cases an activity that appears to be an obvious example of a CD activity may not qualify as a result of a small exception in the rules. It is not uncommon for an activity that does qualify as a CD activity to go without credit due to failure to document the activity and bring it to the attention of the examiner.
The failure to achieve a Satisfactory or Outstanding CRA rating can increase the difficulty in getting various applications approved by your federal regulator. A lower rating results in additional work to restore the rating. This recording provides the information needed to assure proper credit is given for CD activities thereby assuring a higher rating and limiting the additional burden of a lower rating. Also:
- The detailed manual is a great desktop reference; and
- The presenter has decades of experience with this topic.
Upon completion of this two-hour recording you’ll understand:
- Recent revisions to the definition of “community development” including why the reference to the Neighborhood Stabilization Program was eliminated and the impact of that action;.
- The importance of CD activities for small, intermediate small and large banks;
- Which loans receive CD credit;
- Which qualified investments receive CD credit;
- Which services receive CD credit;
- The consideration given to CD activities that occur within and outside of your assessment area;
- The concept of affordable housing for low- or moderate-income housing;
- Which community services are targeted to low- or moderate-income individuals;
- Which activities promote economic development by financing businesses and farms that meet certain size eligibility standards;
- Which activities earn credit for revitalizing or stabilizing certain areas;
- Suggestions for documenting CD activities;
- The current discussion regarding revisions to the CRA regulations relating the CD activities; and
- Much more.
The recording is designed for management of the loan department, Compliance Officers, CRA Officers, marketing staff and auditors.
Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 43 years. In 38 years as a trainer over 145,000 bankers (and many examiners) have participated in Jack’s live seminars and webinars. Jack’s career began in 1976 as a federal bank examiner. He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by a number of state bankers associations. As a contractor he developed and delivered compliance training for the FDIC for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association.