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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:
New Peoples Bank
350 W. Main Street
Abingdon, VA 24210

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    • Withdrawn applications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:

Katharine C. Garner
Katharine C. Garner
VACB (804)673-8250

1071 Working Group Meeting Dates

  • 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