Source: https://www.learncra.com/knowledge-base/12-cfr-%C2%A725-27-strategic-plan/
Timestamp: 2020-06-05 23:19:41
Document Index: 274848200

Matched Legal Cases: ['§25', '§25', '§25', 'art 25', 'art 25', '§25', '§25', '§25', '§25']

12 CFR §25.27 Strategic Plan – findCRA Learning Center
12 CFR §25.27 Strategic Plan
Category Office of the Comptroller of the Currency
(a) Alternative election. The OCC will assess a bank’s record of helping to meet the credit needs of its assessment area(s) under a strategic plan if:
(b) Data reporting. The OCC’s approval of a plan does not affect the bank’s obligation, if any, to report data as required by §25.42.
(c) Plans in general—(1) Term. A plan may have a term of no more than five years, and any multi-year plan must include annual interim measurable goals under which the OCC will evaluate the bank’s performance.
(4) Election if satisfactory goals not substantially met. A bank may elect in its plan that, if the bank fails to meet substantially its plan goals for a satisfactory rating, the OCC will evaluate the bank’s performance under the lending, investment, and service tests, the community development test, or the small bank performance standards, as appropriate.
(2) Public participation. In evaluating the plan’s goals, the OCC considers the public’s involvement in formulating the plan, written public comment on the plan, and any response by the bank to public comment on the plan.
(3) Criteria for evaluating plan. The OCC evaluates a plan’s measurable goals using the following criteria, as appropriate:
Appendix B to Part 25 – CRA Notice
Appendix A to Part 25 – Ratings
12 CFR §25.65 Sanctions
12 CFR §25.64 Credit needs determination
12 CFR §25.63 Loan-to-deposit ratio screen
12 CFR §25.62 Definitions