OCC Solicits Comments on Proposed Revisions of Community Reinvestment Act Information Form

Recently, the OCC has invited the general public and other Federal agencies to comment on a proposed revision of its form titled, “Community Reinvestment Act Qualifying Activities Confirmation Request Form.” 

Proposed changes to the form include:

• The relocation of the regulation citation checklist of qualifying activities from the submitter portion of the form to the OCC portion of the form to reduce burden on the submitter and more accurately capture the qualifying basis of a CRA activity.
• The relocation of the activity title field from the submitter portion of the form to the OCC portion of the form to reduce burden on the submitter and permit the OCC to develop an appropriate and unique identifying title of the activity for the qualifying activities confirmation request decision list and the CRA Illustrative List of Qualifying Activities, when applicable.
• The relocation of the activity short description field from the submitter portion of the form to the OCC portion of the form to reduce burden on the submitter and permit the OCC to develop a unique, appropriate identifying short description of the activity for the qualifying activities confirmation request decision list and the CRA Illustrative List of Qualifying Activities, when applicable.
• The addition of a new field to the submitter portion of the form to provide for the identification of a contact’s bank or organization, if applicable, as that entity may differ from the bank or organization conducting the activity.
• The elimination of the OCC portion of the form from the publicly-available submitter portion of the form consistent with the integration of the OCC portion of the form into a web-based platform that eliminates use of the Adobe Acrobat format in conducting the review of submitted activities.
• The revision of regulatory citations in the form.

Written comments should be submitted by February 14, 2022.