§__.42(c)(2) CRA Data Collection on Loan Commitments and Letters of Credit

§__.42(c)(2) – 2

Q: Must an institution collect data on loan commitments and letters of credit?

A2. No. Institutions are not required to collect data on loan commitments and letters of credit. Institutions may, however, provide for examiner consideration information on letters of credit and commitments.

 

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

Related Articles

Leave A Comment?

You must be logged in to post a comment.