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Community Reinvestment Act (CRA) Policy

$275.00

The purpose of this Community Reinvestment Act (CRA) Policy Template is to address policies, procedures and processes for a financial institution to comply with the 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.  In general, the CRA establishes the framework and criteria by which a federal regulator assesses am organization’s record of helping meet the credit needs of its entire community, including low and moderate-income neighborhoods, consistent with the safe and sound operation of the bank, and provide that the federal regulator takes that record into account in considering certain applications.

Description

Community Reinvestment Act Policy

The purpose of this Community Reinvestment Act Policy Template is to address policies, procedures and processes for a financial institution to comply with the 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. In general, the CRA establishes the framework and criteria by which a federal regulator assesses am organization’s record of helping meet the credit needs of its entire community, including low and moderate-income neighborhoods, consistent with the safe and sound operation of the bank, and provide that the federal regulator takes that record into account in considering certain applications.

Table of Contents

  • 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 Documents – Topic 20

Includes the following form templates:

  • CRA Charitable Contribution Request Form (1 page)
  • CRA Data Collection Form (1 page)
  • CRA Employee Involvement Report (1 page)

Recent updates to this product:
01/02/18 Update
Joint News Release: Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions
12/04/17 Update
Joint Release- Changes to Regulation C/Home Mortgage Disclosure Act (HMDA)
02/01/17 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 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $275.00.

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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.

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