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What is REMA?

Question: 
What is REMA?
Answer: 

The acronym REMA refers to Reasonably Expected Marketing Area . All of the federal financial institutions regulatory agencies are focusing on the issue of Reasonably Expected Marketing Area (REMA). The concept focuses on the geographic area the agencies believe the bank can serve based on its distribution of applications and loans as well as its marketing and outreach efforts.
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Learn more about Jack Holzknecht’s webinar Fair Lending - Do Your Lenders Know the Requirements?

First published on 10/06/2019

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