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 & Banking
- 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 Physical Security Audit Checklist
- Anti-Money Laundering (AML) Compliance Program Audit Checklist
Why Use This Community Reinvestment Act (CRA) Compliance Monitoring Checklist?
This community reinvestment act (cra) compliance monitoring checklist helps financial services & banking 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 does the Community Reinvestment Act (CRA) Compliance Monitoring Checklist cover?
This checklist covers 17 inspection items across 4 sections: CRA Lending Test Performance, Investment Test and CD Activities, Service Test and CD Services, CRA Examination Readiness. It is designed for financial services & banking operations and compliance.
How often should this checklist be completed?
This checklist should be completed monthly / quarterly. Each completion takes approximately 40 minutes.
Who should use this Community Reinvestment Act (CRA) Compliance Monitoring Checklist?
This checklist is designed for Compliance Officer / Branch Manager professionals in the financial services & banking industry. It can be used for self-assessments, team audits, and regulatory compliance documentation.
Can I download this checklist as a PDF?
Yes, this checklist is available as a free PDF download. You can also use it digitally in the POPProbe mobile app for real-time data capture, photo documentation, and automatic reporting.