Thread Options
#1975662 - 11/12/14 02:06 PM Committee meeting requirement?
Live&Learn Offline
100 Club
Live&Learn
Joined: Aug 2012
Posts: 241
South
I'm pretty sure there is no requirement for how many times a year a CRA committee meeting should meet, but speaking as an ISB we are meeting quarterly and it seems to be too many meetings.

My question is, would examiners be okay with two committee meetings a year?
What is common practice?
_________________________
The worst question is the one that goes unasked.

Return to Top
CRA
#1975670 - 11/12/14 02:30 PM Re: Committee meeting requirement? Live&Learn
NotDoneYet Offline
Gold Star
NotDoneYet
Joined: Jul 2010
Posts: 482
PA
We didn't even have a CRA committee until 4 years ago. Haven't met the past year, but received notice we are going to meet quarterly next year.

Return to Top
#1975685 - 11/12/14 03:02 PM Re: Committee meeting requirement? Live&Learn
CompliantOkie Offline
Gold Star
CompliantOkie
Joined: Dec 2013
Posts: 422
OOOOOOklahoma
ISB and we don't have a committee at all. Just finished with an exam and they did not criticize our lack of committee.

Return to Top
#1975702 - 11/12/14 03:33 PM Re: Committee meeting requirement? Live&Learn
bOaty Offline
Power Poster
bOaty
Joined: Aug 2006
Posts: 4,266
Chillin an grillin
As long as your CRA performance is good, the examiners shouldn't care.
_________________________
HMDAHMDAHMDAHMDAHMDAHMDA

Return to Top
#1975720 - 11/12/14 04:17 PM Re: Committee meeting requirement? Live&Learn
Live&Learn Offline
100 Club
Live&Learn
Joined: Aug 2012
Posts: 241
South
Just what I wanted to hear.
Thanks for the input everyone.

Just didn't make sense to me to have to scramble to come up with stuff to talk about...
_________________________
The worst question is the one that goes unasked.

Return to Top
#1975741 - 11/12/14 05:09 PM Re: Committee meeting requirement? Live&Learn
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
As said, the requirement is for a process that works. What that process is, is up to the bank!
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top