§__.42 Wholesale and Limited Purpose CRA Data Collection Requirements

§__.42 – 7

Q: If a small institution is designated a wholesale or limited purpose institution, must it collect data that it would not otherwise be required to collect because it is a small institution?

A7. No. However, small institutions that are designated as wholesale or limited purpose institutions must be prepared to identify those loans, investments, and services to be evaluated under the community development test.

 

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

Related Articles

Leave A Comment?

You must be logged in to post a comment.