Community Reinvestment Act (CRA) Compliance Monitoring Checklist
This comprehensive community reinvestment act (cra) compliance monitoring checklist ensures regulatory compliance with OCC, FDIC, Federal Reserve, 12 CFR Part 25, HMDA. Quarterly CRA compliance monitoring for federally regulated banks covering lending test performance, investment test, service test, and examination readiness per 12 CFR Part 25 (OCC), 12 CFR Part 228 (Federal Reserve), and 12 CFR Part 345 (FDIC). Poor CRA ratings can prevent mergers, acquisitions, and new branch openings. Complet
- Industry: Financial Services
- Frequency: Monthly / Quarterly
- Estimated Time: 40 minutes
- Role: Compliance Officer / Branch Manager
- Total Items: 17
- Compliance: OCC, FDIC, Federal Reserve, 12 CFR Part 25, HMDA
CRA Lending Test Performance
Monitor lending activity per CRA Regulation.
- Is percentage of loans in low-to-moderate income census tracts tracked and trending appropriately?
- Is small business and small farm lending in the assessment area documented per HMDA and CRA data?
- Are community development loans (affordable housing, economic development, community services) being originated?
- Are home purchase and refinance loans being made to LMI borrowers and in LMI geographies?
- Is HMDA peer comparison analysis conducted to benchmark lending against similarly situated institutions?
Investment Test and CD Activities
Monitor community development investments.
- Are community development investments (LIHTC, CDFI investments, bonds) being made per investment plan?
- Is community development purpose of each investment documented per CRA regulatory guidance?
- For regional and national investments, is nexus to bank's assessment area documented?
- Is investment volume tracking against prior examination benchmark to maintain or improve rating?
Service Test and CD Services
Verify service delivery and community development service.
- Is branch and ATM distribution in LMI areas assessed relative to population distribution?
- Are banking hours and services in LMI branches comparable to services in non-LMI branches?
- Are bank employees volunteering services to LMI community organizations and their hours tracked?
- Is financial education program operating and documented to benefit LMI individuals?
CRA Examination Readiness
Prepare CRA documentation for regulatory examination.
- Is CRA public file current including annual reports, written comments, and assessment area delineation?
- Is CRA loan register maintained for small business and community development loan tracking?
- Is annual CRA self-assessment prepared estimating current performance on all tests?
- If using strategic plan CRA option, is plan filed with regulator and publicly available?
Related Financial Services Banking Checklists
- Bank Business Continuity Plan Testing and Readiness Checklist
- Model Risk Management Validation Checklist
- Bank Branch Opening & Closing Security Checklist [FREE PDF]
- ATM Daily Inspection & Cash Reconciliation Checklist [FREE PDF]
Why Use This Community Reinvestment Act (CRA) Compliance Monitoring Checklist?
This community reinvestment act (cra) compliance monitoring checklist helps financial services teams maintain compliance and operational excellence. Designed for compliance officer / branch manager professionals, this checklist covers 17 critical inspection points across 4 sections. Recommended frequency: monthly / quarterly.
Ensures compliance with OCC, FDIC, Federal Reserve, 12 CFR Part 25, HMDA. Regulatory-aligned for audit readiness and inspection documentation.
Frequently Asked Questions
What is a Community Reinvestment Act (CRA) Compliance Monitoring Checklist?
A Community Reinvestment Act (CRA) Compliance Monitoring Checklist is a standardized inspection form used by compliance officer / branch manager to ensure consistent financial services operations. It contains 26 inspection points organized into 4 sections. FREE community reinvestment act (cra) compliance monitoring checklist PDF. Quarterly CRA compliance monitoring for federally regulated banks covering lending test performance, investment test, service test, and examination readiness per 12 CFR Part 25 (OCC), 12 CFR Part 228 (Federal Reserve), and 12 CFR Part 345 (FDIC). Compliant with OCC, FDIC, Federal Reserve, 12 CFR Part 25. Download FREE digital template for financial services & banking operations compliance now.
How often should I use this financial services checklist?
This checklist is designed to be completed monthly / quarterly. Regular use ensures compliance with OCC and FDIC and helps identify issues before they become problems.
Can I download this Community Reinvestment Act (CRA) Compliance Monitoring Checklist as a PDF?
Yes, you can download this checklist as a FREE PDF for printing or offline use. The checklist includes 26 fields across 4 sections and typically takes 40 minutes to complete.
What compliance standards does this checklist cover?
This checklist helps ensure compliance with OCC, FDIC, Federal Reserve, 12 CFR Part 25, HMDA. Following these standards protects your organization and ensures best practices.
How do I complete this financial services inspection checklist?
Begin by completing the header fields for Institution/Branch Name, Review Date, Reviewer/Compliance Officer, Review Period, and Charter/Registration Number. Work through each of the 4 sections, marking items Yes or No as applicable. Finally, complete the footer fields and add your signature. The entire process takes approximately 40 minutes.
What are the key sections in this financial services checklist?
This financial services checklist is organized into 4 key sections: CRA Lending Test Performance, Investment Test and CD Activities, Service Test and CD Services, CRA Examination Readiness. Each section contains specific inspection points that compliance officer / branch manager must verify. The structured layout ensures nothing is missed during financial services inspections and makes the process efficient, typically taking 40 minutes to complete.
Who should use this Community Reinvestment Act (CRA) Compliance Monitoring Checklist?
This checklist is primarily designed for compliance officer / branch manager working in financial services operations. However, it is also valuable for quality assurance teams, safety officers, compliance managers, and supervisors who need to verify that financial services standards are being met. Organizations of all sizes can benefit from using this Community Reinvestment Act (CRA) Compliance Monitoring Checklist to maintain consistency and accountability.