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TOWN OF ROCKLAND Board of Assessors Town Hall 242 Union Street Rockland, Massachusetts 02370 December 21, 2021, CERTIFIED BUTTERS LIST OF MAP 51 PARCEL 86 75 MARKET STREET BOARD CBA REQUIREMENTS Butters,
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01
Research and understand the requirements of the Community Reinvestment Act (CRA) public disclosure.
02
Obtain the necessary information and data related to your bank's lending activities in the community.
03
Compile the data and information into a clear, organized format as specified by the CRA public disclosure requirements.
04
Submit the completed CRA public disclosure report to the appropriate regulatory body or organization.

Who needs community reinvestment act public?

01
Banks and financial institutions are required to fill out and comply with the Community Reinvestment Act (CRA) public disclosure in order to demonstrate their commitment to meeting the credit needs of the communities in which they operate.
02
Regulatory bodies, government agencies, and community organizations may also need access to this information to monitor and evaluate a bank's performance in meeting the credit needs of the community.
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The Community Reinvestment Act public file is a collection of information that banks must provide to the public upon request.
Banks that are subject to the Community Reinvestment Act (CRA) are required to file the public file.
The public file must be filled out by banks with information on their CRA activities and performance.
The purpose of the public file is to increase transparency and accountability of banks in meeting the credit needs of their local communities.
Information such as lending, investments, and services provided to low and moderate-income communities must be reported on the public file.
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