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HMDA/CRA DATA COLLECTION WORKSHEET INSTRUCTIONS 1. Application or loan number an identifying number that can be used later to retrieve the loan or application file.

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CRA data is released once a year and is public in the aggregate format. Oftentimes, accurate data enables the bank to showcase its lending performance to many stakeholders, both internal and external to the bank. This includes executive management, the board of directors, and key lending areas of the bank.

Three of the four critical fields to CRA reporting routinely cause lenders problems: Loan Amount, Loan Location and Gross Annual Revenues of $1 Million or Less.

The OCC assigns one of four CRA ratings to a bank: • Outstanding • Satisfactory • Needs to Improve, or • Substantial Noncompliance.

For CRA purposes, both refinances and renewals are reported; refinances are transactions where a new loan obligation (a note) satisfies and replaces the prior obligation, while a renewal refers to the extension of the maturity date of the loan. Both are considered (and reported if a CRA reporter) for CRA purposes.

What is included in a CRA performance evaluation? The CRA performance evaluation (PE) generally includes a description of the institution and its assessment area(s); its CRA rating; and the facts, data, and analyses supporting the rating.

They indicate the number and dollar amounts of lending, cross-tabulated by loan, applicant, and geographic characteristics.

The statement contains information about small business and small farm loans and the population's income levels for each county where the bank operates.

The CRA regulations require that information on business, farm, and community development lending by insured depository institutions that meet certain asset thresholds, determined annually, be made available to the public.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232