§__.12(f) Branch Definition

§__.12(f) – 1

Q: Do the definitions of “branch,” “automated teller machine (ATM)”, and “remote service facility (RSF)” include mobile branches, ATMs, and RSFs?

A1: Yes. Staffed mobile offices that are authorized as branches are considered “Branches,” and mobile ATMs and RSFs are considered “ATMs” and “RSF.”

§__.12(f) – 2

Q: Are loan production offices (LPO) branches for purposes of the CRA?

A1: LPOs and other offices are not “branches” unless they are authorized as branches of the institution through the regulatory approval process of the institutions’ supervisory Agency.

 

Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016

Last modified April 28, 2023