§__.29(b) Effect of Interested Parties Comments on Bank Application

§__.29(b) – 1

Q: What consideration is given to comments from interested parties in reviewing an application?

A1. Materials relating to CRA performance received during the application process can provide valuable information. Written comments, which may express either support for or opposition to the application, are made a part of the record in accordance with the Agencies’ procedures, and are carefully considered in making the Agencies’ decisions. Comments should be supported by facts about the applicant’s performance and should be as specific as possible in explaining the basis for supporting or opposing the application. These comments must be submitted within the time limits provided under the Agencies’ procedures.


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

Last modified April 28, 2023