No. If the requested underserved area has recently passed the Depository Institution Test, no other action is needed. A county listed as a CFPB underserved county can be used in lieu of the Depository Institution Test – not for determining if the area qualifies as underserved.
Underserved, CFPB, underserved county, multiple common bond, depository institution test, concentration of facility ratio, in lieu of
If we are in the midst of creating a plan for an underserved area, do we now have to resubmit the area to see if it matches CFPB's underserved county?
Last updated on 02/12/19