§__.42(c)(1)(iv) Reportable Income on Employee Consumer Loans

§__.42(c)(1)(iv) – 2

Q: May an institution list “0” in the income field on consumer loans made to employees when collecting data for CRA purposes as the institution would be permitted to do under HMDA?

A2. Yes.

 

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

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