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#1816354 - 05/22/13 12:39 PM CRA Rating
BNach Offline
Junior Member
Joined: Jul 2011
Posts: 41
Central PA
Is it a requirement for all employees to know the banks CRA rating or just a best practice?

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#1816370 - 05/22/13 01:30 PM Re: CRA Rating BNach
Pale Rider Offline
10K Club
Pale Rider
Joined: Aug 2002
Posts: 34,318
under the Lone Star
No requirement....
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Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.


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#1816404 - 05/22/13 02:15 PM Re: CRA Rating BNach
Care4RCommunity Offline
100 Club
Care4RCommunity
Joined: Apr 2012
Posts: 110
NJ
It's not a requirement, but I always include it in my annual CRA training.

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#1816552 - 05/22/13 06:31 PM Re: CRA Rating BNach
Len S Offline
Diamond Poster
Joined: Oct 2004
Posts: 2,137
Connecticut
One thing every employee should know and especially loan officers is what is included in your CRA Assessment Area. Every year you should distribute maps showing your AA's, especially to those involved in lending. This is not a regulatory requirement but is a best practice. I will bet that fewer than 1% of banks do this.
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CRA Exam Preparation, CRA Performance Evaluations, Key Performance Benchmarks, & maps

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