Question

Each bank must provide the standard CRA public notice in the public lobby of each office and be available for public inspection at each of the following locations except: A. The main office B. A branch banking office C. An off-premises electronic deposit facility D. A limited service detached banking facility E. All of the above are correct

Answer 1

Banking laws require that banks provide standard Community Reinvestment Act (CRA) public notices at all physical locations, except off-premises electronic deposit facilities such as ATMs.

Step-by-step explanation:

The Community Reinvestment Act (CRA) mandates that banks must provide the standard CRA public notice in the public lobby of each of its offices and that it should be available for public inspection. This includes the main office, the branch banking office, and the limited service detached banking facility. However, the notable exception to this rule is the off-premises electronic deposit facility. This refers to ATMs and other electronic banking devices that are not located within the physical premises of a bank's branch or main office.

Thus, the accurate answer to your question is: C. An off-premises electronic deposit facility. This means that banks are not required to provide the standard CRA public notice at their off-premises electronic deposit facilities.

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