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#2262563 - 11/16/21 06:59 PM CRA Lending Area
Shih_Tzu_Lvr Offline
Member
Joined: Nov 2011
Posts: 86
Can you decline to take an application for a property outside your lending area? Or decline an application in process because the property is outside your lending area?

Example we are a MA chartered bank, frequently have requests for loan in FLA.

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#2262583 - 11/16/21 11:09 PM Re: CRA Lending Area Shih_Tzu_Lvr
Len S Offline
Diamond Poster
Joined: Oct 2004
Posts: 1,945
Connecticut
Sure - your primary responsibility is to meet the credit needs of the communities you serve (as long as you have delineated them in a non-discriminatory way).
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#2262603 - 11/17/21 05:31 PM Re: CRA Lending Area Shih_Tzu_Lvr
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,398
Florida
But be careful and consistent.
That means no loans outside the AA! Unless you have a ironclad policy, a vacation home outside the AA for a good customer or director can burn you!
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