Community Reinvestment Act

Under the Massachusetts Community Reinvestment Act (CRA), the Division of Banks examines financial institutions subject to its supervision, to assess the institution's record of meeting the needs of its entire assessment area, including low and moderate-income neighborhoods, consistent with the safe and sound operation of the institution.

Schedule of institutions to be examined under the Massachusetts Community Reinvestment Act (CRA)

Under the CRA for Mortgage Lenders (also known as Mortgage Lender Community Investment, or MLCI), the Division of Banks (Division) examines licensed mortgage lenders making 50 or more home mortgage loans in the previous calendar year, to assess their record of helping to meet the mortgage credit needs of the Commonwealth, including low- and moderate-income neighborhoods and individuals, consistent with safe and sound lending practices. Upon conclusion of the examination, the Division prepares a written evaluation of the mortgage lender's record of meeting the mortgage credit needs of the Commonwealth.

Schedule of mortgage lenders to be examined under the CRA for Mortgage Lenders regulations (MLCI).