Identifying and Documenting CRA Community Development Activities Webinar

What?

The CRA regulations are in the throes of tremendous change. Each of the regulatory agencies is in a different place in the revision process. All banks will continue to follow the current rulers for the foreseeable future.

Currently, every bank (small, intermediate small or large) needs to identify and document its community development (CD) activities in order to achieve the best possible CRA rating. Volume and distribution of loans are the primary factors that determine a bank’s overall CRA rating. A bank can achieve a great rating without any CD activities, but the likelihood of an outstanding or satisfactory rating increases with the volume of CD activities. While CD activities are not the primary factor in determining the overall rating many banks spend a disproportionate amount of time identifying and documenting CD activities.

The regulations and interpretations that define what qualifies as a CD activity are complex. In some cases an activity that appears to be an obvious example of a CD activity may not qualify as a result of a small exception in the rules. It is not uncommon for an activity that does qualify as a CD activity to go without credit due to failure to document the activity and bring it to the attention of the examiner.

Recently the regulators pronounced that COVID-19-related activities are eligible for community development credit. The credit is not automatic, the activity must be properly documented.

Why?

The failure to achieve a Satisfactory or Outstanding CRA rating can increase the difficulty in getting various applications approved by your federal regulator. A lower rating results in additional work to restore the rating. This program provides the information needed to assure proper credit is given for CD activities thereby assuring a higher rating and limiting the additional burden of a lower rating. Also:

The detailed manual is a great desktop reference; and
The presenter has decades of experience with this topic.

Covered Topics

  • Recent revisions to the definition of “community development” including why the reference to the Neighborhood Stabilization Program was eliminated and the impact of that action;
  • The importance of CD activities for small, intermediate small and large banks;
  • Which loans receive CD credit;
  • Which qualified investments receive CD credit;
  • Which services receive CD credit;
  • The consideration given to CD activities that occur within and outside of your assessment area;
  • The concept of affordable housing for low- or moderate-income housing;
  • Which communities services are targeted to low- or moderate-income individuals;
  • Which activities promote economic development by financing businesses and farms that meet certain size eligibility standards;
  • Which activities earn credit for revitalizing or stabilizing certain areas;
  • and much more.

Who Should Attend?

The program is designed for management of the loan department, Compliance Officers, CRA Officers, marketing staff and auditors.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

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Related Topics

Instructor

Jack Holzknecht
Jack Holzknecht

Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 45 years. In 40 years as a trainer over 150,000 bankers (and many examiners) have part... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
Identifying and Documenting CRA Community Development Activities0.25 Any AnyWebinarSix Month On-Demand Recording Jack Holzknecht$295.00 Register Now
Identifying and Documenting CRA Community Development Activities0.25 Any AnyWebinarCD-ROM Video Recording Jack Holzknecht$345.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

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