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#2115384 - 01/24/17 08:36 PM Distressed/Underserved CTs
Mel in WA Offline
Diamond Poster
Joined: Mar 2013
Posts: 1,193
We are a large bank under CRA. I have recently found a couple loans in distressed/underserved census tracts, but they are under $1 million. Can I count these as community development?

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#2115393 - 01/24/17 08:52 PM Re: Distressed/Underserved CTs Mel in WA
Tennismom Offline
Platinum Poster
Joined: Jan 2004
Posts: 771
Off the top of my head, a loan to a municipality is not CRA (Small Business/Small Farm) reportable, therefore could be a CDL if it had a community development purpose.
Last edited by Tennismom; 01/24/17 08:55 PM.
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