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The Color of Money
Day three, article three
The 12 factors in a CRA examination
The Atlanta Journal-Constitution
Published May 3, 1988, Page A1
Copyright 1988, The Atlanta Journal-Constitution
Federal regulators are required to consider these factors in grading banks and savings and loans on compliance with the Community Reinvestment Act (CRA):
- Efforts to determine the credit needs of the community.
- Efforts to make the community aware of credit services.
- Board participation in setting CRA policy.
- Practices intended to discourage applications for credit.
- Geographic distribution of credit extensions, applications and denials.
- Evidence of discriminatory or illegal credit practices.
- Opening and closing of offices and providing services at offices.
- Participation in local community development projects.
- Making loans for home purchase, home improvement, small businesses or small farms.
- Participation in government loan programs for housing, small businesses or small farms.
- Ability to meet community credit needs.
- Other relevant factors.
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