To take a partial county, you have to get approval from your regulator and have a strong explanation for why it's appropriate. Even then, it's still uncommon for regulators to grant approval.
Are Partial Counties Allowed in Fair Lending Analysis?
TRUPOINT Partners provides regulatory compliance solutions and services to more than 450 financial institutions nationwide. We specialize in risk assessments, data analysis, geo-coding and consulting for BSA/AML, CRA, Fair Lending, HMDA & UDAAP compliance. To learn how we can help you achieve your compliance goals, visit www.trupointpartners.com, call 704.401.1730, or email firstname.lastname@example.org.
First published on 11/06/2016