§__.26(b) Small Institution Purchases of Consortium Loans

§__.26(b) – 3

Q: When evaluating a small institution’s lending performance, will examiners consider, at the institution’s request, community development loans originated or purchased by a consortium in which the institution participates or by a third party in which the institution has invested?

A3. Yes. However, a small institution that elects to have examiners consider community development loans originated or purchased by a consortium or third party must maintain sufficient information on its share of the community development loans so that the examiners may evaluate these loans under the small institution performance criteria.

 

Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016

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