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Rural and underserved in the big city?

Answered by: 
Rebekah Leonard

Question: 
Our community bank is opening a new branch in a bigger city. Will we lose our “rural and underserved lender” status?
Answer: 

No. The designation of “rural and underserved” has to do with where loans are located, not where your branch is located. Tune into the upcoming webinar “Hey HPML! What’s the Matter with QMATR, eh?” on July 20th to learn more!

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Learn more about Rebekah Leonard’s webinar Hey HPML! What’s the Matter with QMATR, eh?

First published on 07/26/2020

Filed under: 
Compliance
Filed under compliance as: 
Compliance/Compliance Management
Lending
Real Estate Lending
Reg. Z

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