Most Popular Lending Content
CRA Credit for a Donation
10/15/2023
I'm somewhat new to identifying CRA qualifying donations and am looking for opinions on whether I should or could try to include a contracted annual donation to our County Economic Development Group. This CEDG is a non-profit and their mission statement lines up with the Revitalize and Stabilize category. Our marketing director indicated that the funds are considered a sponsorship and doesn't think it would count. We do get an acknowledgement on their website as being a sponsor so to that affect I'm assuming she is viewing it more as advertising for her reasoning to not include it. Our name being included on the website is in acknowledgement of our level of donation and the funds are a general investment into the organization. It is not a specific advertising expense. We have included one off donations to this group throughout the years but apparently have never considered adding this sponsorship donation to the list of qualified donations. Would it qualify as described or could it qualify if we had any stipulations as to funds use?
Benefits of consolidated imaging and tracking
10/15/2023
Why consolidate imaging and tracking into one system for commercial loans?
Self-identified flood issues… in the clear for the next exam?
10/15/2023
We had a rather big flood compliance issue, but we self-identified it and are correcting the problem. Is that enough to keep us out of hot water at our next exam?
Is there a standard modification agreement?
10/08/2023
Could you provide a copy of a standard Modification Agreement? We want to extend a Construction loan for another six months.
Address Discrepancies on Credit Reports
10/08/2023
Our bank does not report business purpose loans to credit bureaus. If we have an address discrepancy on a credit report pulled for an individual, but the loan is business purpose, are we obligated to furnish the borrower's address under Reg V, once we have reasonably confirmed it as accurate?