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Small Business Lending Data (1071) Working Group - Q2 2025
Gather with your peers to work through the challenges of 1071 compliance!
Thursday, April 10, 2025
9:00 AM - 12:30 PM (EDT)
Event Details
Purpose of the Group:
Discuss the implementation of Small Business Lending Data (1071)! Each meeting will cover a certain topic. Please come prepared with ideas and challenges you are facing. Generally, there will not be a presenter. This group is not designed to teach detailed technical compliance, but instead will use the collected knowledge and expertise of group members to help each other solve problems in their implementation efforts.
Location:
VACB Office
7204 Glen Forest Drive Suite 101
Richmond, Virginia 23226
April 10 - Training
- New "Demographic Information About Principal Owners" Form
- Fire wall
- How to complete
- When to collect
- Understanding HMDA transactions vs. 1071 transactions
- Application
- Documenting Non-Originated Applications
- Denial reasons
- Withdrawn applications
For More Information:
1071 Working Group Meeting Dates
- January 9, 2025
- April 10, 2025
- July 10, 2025
- November 13, 2025
Meeting Agenda
- 9:00 am - Breakfast & Registration
- 9:30 am - 12:30 pm - Working Group Meeting