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This document serves as the financial report for the Plymouth Public Library for the fiscal year ending in 2008, detailing receipts, disbursements, cash balances, and investment balances.
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What is LAR-1?
LAR-1 is a report used by certain financial institutions to disclose lending data as part of their Community Reinvestment Act (CRA) obligations.
Who is required to file LAR-1?
Financial institutions that meet specific criteria under the Community Reinvestment Act, typically banks and credit unions that originate a certain amount of loans.
How to fill out LAR-1?
To fill out LAR-1, institutions must gather data on loan applications, approvals, denials, and demographics, and enter this information into the appropriate fields of the LAR-1 form.
What is the purpose of LAR-1?
The purpose of LAR-1 is to promote transparency in lending practices and ensure that financial institutions are serving the credit needs of their communities.
What information must be reported on LAR-1?
Information that must be reported includes the number and dollar amount of loans, the race and gender of applicants, property location, and the purpose of loans.
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