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Event Name:Developing and Documenting a CRA Assessment Area
Date:Tuesday, December 4, 2018 10:00pm CST
Presented By:BankWebinars.com
Panelist(s) Info: Jack Holzknecht  (Bio)

Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 42 years. In 37 years as a trainer over 130,000 bankers (and many examiners) have participated in Jack’s live seminars and webinars. Jack’s career began in 1976 as a federal bank examiner. He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by a number of state bankers associations. As a contractor he developed and delivered compliance training for the FDIC for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association.

Credits:2.5 CE Credits

A critical component in every bank's CRA program is the delineation of its assessment area. Examiner's are required to use the assessment area drawn by the bank, unless the bank failed to follow the required steps in the process.

The assessment area, when properly drawn, can improve the institution's CRA rating. For example, a bank is evaluated, in part, on the percentage of loans within its assessment area. Drawing the area to include a higher the percentage of loans in the assessment area generally improves results. However, a higher percentage can be offset if the bank does not have a good distribution of loans based on the demographics (race, ethnicity and income) of the census tracks in the area. The challenge is find the sweet spot that maximizes the percentage of loans in the assessment area and also assures a solid distribution of loans throughout the area.

This program focuses on the proper method of delineating an assessment area. In addition to reviewing the basic building blocks of an assessment area the program also considers the impact of the assessment area on the CRA performance evaluation. The program also compares the assessment area to the reasonably expected marketing area (REMA). The REMA has risen in importance in the past few years.

Every bank is required to delineate one or more assessment areas. Since you have to it anyway it makes sense to conduct the delineation in a fashion that will benefit your institution's CRA performance. The delineation should be reviewed periodically to assure that it continues to position the institution to obtain the best CRA rating.

Covered Topics:

  • What is Open-End Credit;
  • Coverage and Exemptions;
  • General Disclosure Requirements;
  • Account Opening Disclosures;
  • Periodic Statements;
  • Subsequent Disclosure Requirements;
  • Treatment of Credit Balances; and
  • Billing Error Resolution

Who should attend?

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

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