Community Reinvestment Act Policy

$275.00

The purpose of this Community Reinvestment Act Policy Template is to address policies, procedures and processes for a bank, credit union, or other type of financial institution to comply with the Community Reinvestment Act (CRA) in order to meet the credit needs of the local communities in which the institution is chartered that is consistent with the safe and sound operation of the institution.  See more information about this product below.

Community Reinvestment Act Policy

The purpose of this Community Reinvestment Act Policy Template is to address policies, procedures and processes for a bank, credit union, or other type of financial institution to comply with the Community Reinvestment Act (CRA) in order to meet the credit needs of the local communities in which the institution is chartered that is consistent with the safe and sound operation of the institution.

NOTE:  In accordance with OCC Bulletin 2021-41 entitled “Community Reinvestment Act: Proposal to Rescind and Replace Community Reinvestment Act Rule Issued in 2020” dated 09/08/21, the OCC issued a proposal to rescind the Community Reinvestment Act (CRA) rule that the OCC published in June 2020 and replace it with rules based largely on the rules adopted jointly by the federal banking agencies in 1995.  The proposed rules would align the OCC’s CRA rules with the current Board of Governors of the Federal Reserve System and Federal Deposit Insurance Corporation rules and thereby facilitate the on-going interagency work to modernize the CRA regulatory framework and create consistency for all insured depository institutions.  As such, we will revise this product accordingly when a final rule is issued.

Table of Contents – FDIC/Federal Reserve Version

  • Purpose and Contents – Topic 1
  • Policy Statement – Topic 2
  • Structure of Accountability – Topic 3
  • Definitions – Topic 4
  • Performance Tests, Standards and Ratings – Topic 5
  • Small and Intermediate Small Bank Performance Standards – Topic 6
  • Strategic Plan Guidelines – Topic 7
  • Assigned Ratings – Topic 8
  • Effect of CRA Performance on Applications – Topic 9
  • Ratings Under Appendix A – Topic 10
  • Assessment Area Delineation – Topic 11
  • Data Collection, Reporting and Disclosure – Topic 12
  • CRA Public File and Notice – Topic 13
  • Disclosure and Reporting of CRA Related Agreements – Topic 14
  • Non-Discrimination Policy – Topic 15
  • Complaint Policy – Topic 16
  • CRA Branch Closure Policy – Topic 17
  • Charitable Contributions Policy – Topic 18
  • Staff Training – Topic 19
  • Retention of Documentation – Topic 20

Table of Contents – OCC Version 1

  • Purpose and Contents – Topic 1
  • Policy Statement – Topic 2
  • Structure of Accountability – Topic 3
  • Definitions – Topic 4
  • Performance Tests, Standards and Ratings – Topic 5
  • Small and Intermediate Small Bank Performance Standards – Topic 6
  • Strategic Plan Guidelines – Topic 7
  • Assigned Ratings – Topic 8
  • Effect of CRA Performance on Applications – Topic 9
  • Ratings Under Appendix A – Topic 10
  • Assessment Area Delineation – Topic 11
  • Data Collection, Reporting and Disclosure – Topic 12
  • Content and Availability of Public File – Topic 13
  • Prohibition Against Use of Interstate Branches Primarily for Deposit Production – Topic 14
  • Disclosure and Reporting of CRA Related Agreements – Topic 15
  • Discriminatory or Other Illegal Credit Practices – Topic 16
  • Audit Policy – Topic 17
  • Staff Training – Topic 18
  • Retention of Documentation – Topic 19

Table of Contents – OCC Version 2 (Future)

  • Purpose and Contents – Topic 1
  • Policy Statement – Topic 2
  • Structure of Accountability – Topic 3
  • Effect of CRA Performance on Applications – Topic 4
  • Definitions – Topic 5
  • Qualifying Activities Criteria – Topic 6
  • Qualifying Activities Confirmation and Illustrative List – Topic 7
  • CRA Desert Confirmation – Topic 8
  • Qualifying Activities Quantification – Topic 9
  • Qualifying Activities Value – Topic 10
  • Assessment Area – Topic 11
  • Performance Standards and Ratings – Topic 12
  • CRA Evaluation Measure – Topic 13
  • Retail Lending Distribution Tests – Topic 14
  • General Performance Standards and Presumptive Rating – Topic 15
  • Small and Intermediate Bank Performance Standards – Topic 16
  • Wholesale and Limited Purpose Bank Performance Standards – Topic 17
  • Consideration of Performance Context – Topic 18
  • Discriminatory and Other Illegal Credit Practices – Topic 19
  • Strategic Plan – Topic 20
  • Assigned Ratings – Topic 21
  • State/Multistate Metropolitan Statistical Area Assigned Rating – Topic 22
  • Data Collection, Recordkeeping, and Reporting – Topic 23
  • Ratings Under Appendix A – Topic 24
  • Audit Policy – Topic 25
  • Staff Training – Topic 26
  • Retention of Documentation – Topic 27

Recent updates to this product:
01/04/21 Update
Joint Release – Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions
07/01/20 Update
OCC Finalizes Rule to Strengthen and Modernize Community Reinvestment Act Regulations
01/02/20 Update
Joint News Release: Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions
01/02/19 Update
Joint News Release: Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions

This Community Reinvestment Act Policy Template (approximately 50, 43, and 41 pages respectively) is available to purchase from BankPolicies.com in Microsoft® Word format.

Want to ensure your purchase from BankPolicies.com remains current? Add a Product Update Protection Plan to your shopping cart to ensure that you will automatically receive an updated version every time it is revised via e-mail within one year from the last date of purchase. This timely and cost-effective solution ensures that you stay on top of federal regulatory changes and industry recommended best practices.

When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

BankPolicies.com provides your financial institution with the best bank policy template products available in the industry. You will always be up to date with the latest changes to bank policies and never have to worry about being out of compliance with the various laws, rules and regulations issued by the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, Office of the Comptroller of the Currency (OCC), or other federal regulatory bodies that may apply to your organization.

Our dedicated staff of career banking industry professionals are ready to keep your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant. We look forward to earning your business for all of your bank policy needs.

You may also like…

Scroll to Top