COMMUNITY REINVESTMENT ACT (CRA) EXAM WITH
ALL CORRECT & 100% VERIFIED ANSWERS|LATEST
UPDATE|ALREADY GRADED A+
The wholesale or limited-purpose institution performance standard only applies to institutions that
do not provide full retail services. ✔Correct Answer-T
A copy of the public sections of your institution's CRA performance evaluation must be available at:
✔Correct Answer-All branches, including the main office
Your institution's record of taking action (if warranted) in response to written complaints about its
performance in helping to meet the credit needs in its assessment area is known as: ✔Correct
Answer-Response to complaints
"Moderate income" is defined as an individual or family income that ranges between 30% and 50%
of the area median income. ✔Correct Answer-F
A CRA rating of "less than satisfactory" can result in a(n): ✔Correct Answer-Denial of mergers
Your institution is allowed to have more than one assessment area. ✔Correct Answer-T
It's a good idea for every branch employee to be able to direct consumers to the: ✔Correct
Answer-Posted CRA notice
Branch public file
Location of the complete public file
**All of the above
The top performance rating that can be assigned to your institution is: ✔Correct Answer-
Outstanding
Your institution must place the public section of its most recent CRA performance evaluation in its
public files. ✔Correct Answer-T
Community development and reinvestment helps revitalize neighborhoods by providing access to
money and development. ✔Correct Answer-T
The purpose of the CRA is to evaluate an institution's efforts in meeting the ______ needs of its local
communities. ✔Correct Answer-Credit
All contact employees should know the procedure for a consumer to request a copy of their
institution's complete public file. ✔Correct Answer-T
The worst CRA rating that your institution can receive is: ✔Correct Answer-Substantial
noncompliance
For CRA examination purposes, your institution's assessment areas must include geographical area(s)
that include its: ✔Correct Answer-Main office
Branches
ALL CORRECT & 100% VERIFIED ANSWERS|LATEST
UPDATE|ALREADY GRADED A+
The wholesale or limited-purpose institution performance standard only applies to institutions that
do not provide full retail services. ✔Correct Answer-T
A copy of the public sections of your institution's CRA performance evaluation must be available at:
✔Correct Answer-All branches, including the main office
Your institution's record of taking action (if warranted) in response to written complaints about its
performance in helping to meet the credit needs in its assessment area is known as: ✔Correct
Answer-Response to complaints
"Moderate income" is defined as an individual or family income that ranges between 30% and 50%
of the area median income. ✔Correct Answer-F
A CRA rating of "less than satisfactory" can result in a(n): ✔Correct Answer-Denial of mergers
Your institution is allowed to have more than one assessment area. ✔Correct Answer-T
It's a good idea for every branch employee to be able to direct consumers to the: ✔Correct
Answer-Posted CRA notice
Branch public file
Location of the complete public file
**All of the above
The top performance rating that can be assigned to your institution is: ✔Correct Answer-
Outstanding
Your institution must place the public section of its most recent CRA performance evaluation in its
public files. ✔Correct Answer-T
Community development and reinvestment helps revitalize neighborhoods by providing access to
money and development. ✔Correct Answer-T
The purpose of the CRA is to evaluate an institution's efforts in meeting the ______ needs of its local
communities. ✔Correct Answer-Credit
All contact employees should know the procedure for a consumer to request a copy of their
institution's complete public file. ✔Correct Answer-T
The worst CRA rating that your institution can receive is: ✔Correct Answer-Substantial
noncompliance
For CRA examination purposes, your institution's assessment areas must include geographical area(s)
that include its: ✔Correct Answer-Main office
Branches
