Community Reinvestment Act (CRA)
FORVIS can conduct quarterly data integrity assessments of the bank’s CRA/Loan Application Register (LAR). Our professional(s) compare a sample number of small business, small farm and community development transactions during each visit which help us identify recurring patterns or problems. During each visit, our professional(s) will compare the customer’s credit file to the entries posted to the bank’s LAR as well as looking for omissions of CRA-reportable transactions. If errors are detected, FORVIS maintains a record of needed corrections.
In order to maintain the bank’s computer security, FORVIS does not allow our professionals to adjust a bank’s computer records. We create a listing of necessary adjustments and provide that information to a bank employee for clarification and/or corrected input.