§__.42(c)(1) CRA Data Requirements for Consumer Loans

§__.42(c)(1) – 1

Q: What are the data requirements regarding consumer loans?

A1. There are no data reporting requirements for consumer loans. Institutions may, however, opt to collect and maintain data on consumer loans. If an institution chooses to collect information on consumer loans, it may collect data for one or more of the following categories of consumer loans: motor vehicle, credit card, home equity, other secured, and other unsecured. If an institution collects data for loans in a certain category, it must collect data for all loans originated or purchased within that category.

The institution must maintain these data separately for each category for which it chooses to collect data. The data collected and maintained should include for each loan

Generally, guidance given with respect to data collection of small business and small farm loans, including, for example, guidance regarding collecting loan location data, and whether to collect data in connection with refinanced or renewed loans, will also apply to consumer loans.


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

Last modified April 28, 2023