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#2010763 - 04/28/15 06:26 PM CRA Register - Gross Annual Revenue
Anonymous
Unregistered

Is it acceptable to use prior year revenue when completing the CRA register?

Meaning, we make a loan this year, 2015, and the lender collected revenue from 2013 to make their loan decision. Is it acceptable to report the revenue from 2013 for our 2015 register?

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#2010794 - 04/28/15 07:58 PM Re: CRA Register - Gross Annual Revenue Anonymous
Anonymous
Unregistered

bump

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#2010855 - 04/28/15 11:08 PM Re: CRA Register - Gross Annual Revenue Anonymous
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
I have asked this of examiners and the response has to never go back more than two years. Why not just ask the customer? You don't need financials.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#2011354 - 04/30/15 06:07 PM Re: CRA Register - Gross Annual Revenue Anonymous
Anonymous
Unregistered

Thanks Kaybee.

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