When reporting the census tract for a CRA loan, the FFIEC states that the loan is "located" in the geography where the main business facility is located or where the loan proceeds are otherwise applied as indicated by the borrower. If a loan is to purchase a building, the loan proceeds will be used for the location of that building, as indicated by the borrower, shouldn't that be the address used for census tract reporting?
If the main business location is always used, how would this be accurate reporting?

This is a prior thread

http://www.bankersonline.com/forum/ubbth...459#Post1367459