CRA DATA REVIEW TIMEFRAMES & SAMPLING
GUIDELINES WITH ALL CORRECT & 100% VERIFIED
ANSWERS|ALREADY GRADED A+
Are large institutions required to collect and report CRA data? ✔Correct Answer-Yes
Are small institutions required to collect data for CRA evaluation purposes? ✔Correct Answer-No
Can other institutions choose to provide data regarding their loans, including the census tract
locations and borrower incomes or business revenues, similar to the data requirement for large
institutions and HMDA reporters? ✔Correct Answer-Yes
What do examiners use an institutions data for? ✔Correct Answer-To analyze:
-loans inside and outside an institutions AA
-Loans in low, moderate, middle, and upper income geographies in AA's
-Home mortgage or consumer loans to low, moderate, middle, and upper -income borrowers and/or
small business or small farm loans to businesses/farms of different revenue sizes within an AA and
-Community development activities
What should an examiner do when an institution collects but is not required to report the data?
✔Correct Answer-Examiners must validate the accuracy of the data
What are the necessary fields examiners must validate for CRA purposes? ✔Correct Answer-Loan
type
Loan amount
Location
Income/revenue
What are the next steps after loan data is considered accurate? ✔Correct Answer-All
collected/reported data for each full calendar year since the previous CRA exam should be analyzed
INCLUDING the year of the last examination.
What should you do for a small institution if data is considered accurate? ✔Correct Answer-
Analyze the most recent two full calendar years of HMDA and/or collected CRA data
When is it appropriate to analyze partial calendar year data? ✔Correct Answer-When there is a
short evaluation cycle, such as a previous adverse CRA rating or a de novo institution.
What data should be presented at minimum? ✔Correct Answer-The latest full calendar year of
data for which aggregate data is available for geographic distribution and borrower profile.
Presentation of additional years of data ____ be necessary to _____ conclusions and ratings and
should be considered in cases such as a borderline overall rating, a significant overall ratings change,
an unfavorable rating at any level, lending anomalies between years, CRA complaints or comments,
or upon the request of bank management ✔Correct Answer-May, Support
GUIDELINES WITH ALL CORRECT & 100% VERIFIED
ANSWERS|ALREADY GRADED A+
Are large institutions required to collect and report CRA data? ✔Correct Answer-Yes
Are small institutions required to collect data for CRA evaluation purposes? ✔Correct Answer-No
Can other institutions choose to provide data regarding their loans, including the census tract
locations and borrower incomes or business revenues, similar to the data requirement for large
institutions and HMDA reporters? ✔Correct Answer-Yes
What do examiners use an institutions data for? ✔Correct Answer-To analyze:
-loans inside and outside an institutions AA
-Loans in low, moderate, middle, and upper income geographies in AA's
-Home mortgage or consumer loans to low, moderate, middle, and upper -income borrowers and/or
small business or small farm loans to businesses/farms of different revenue sizes within an AA and
-Community development activities
What should an examiner do when an institution collects but is not required to report the data?
✔Correct Answer-Examiners must validate the accuracy of the data
What are the necessary fields examiners must validate for CRA purposes? ✔Correct Answer-Loan
type
Loan amount
Location
Income/revenue
What are the next steps after loan data is considered accurate? ✔Correct Answer-All
collected/reported data for each full calendar year since the previous CRA exam should be analyzed
INCLUDING the year of the last examination.
What should you do for a small institution if data is considered accurate? ✔Correct Answer-
Analyze the most recent two full calendar years of HMDA and/or collected CRA data
When is it appropriate to analyze partial calendar year data? ✔Correct Answer-When there is a
short evaluation cycle, such as a previous adverse CRA rating or a de novo institution.
What data should be presented at minimum? ✔Correct Answer-The latest full calendar year of
data for which aggregate data is available for geographic distribution and borrower profile.
Presentation of additional years of data ____ be necessary to _____ conclusions and ratings and
should be considered in cases such as a borderline overall rating, a significant overall ratings change,
an unfavorable rating at any level, lending anomalies between years, CRA complaints or comments,
or upon the request of bank management ✔Correct Answer-May, Support
