Assess whether notices match the actual decisioning reasons (14eed8)

SITUATION Fair-lending officer is responsible for notices match the actual in an institution preparing for a redlining exam, using SPCP written plan versus actual originations as the only working extract. A DOJ or CFPB monitor request for pricing files is what reset the timeline for this Fair Lending Examination and Notices file.

DECISION Fair-lending officer in an institution preparing for a redlining exam must choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold using SPCP written plan versus actual originations after a DOJ or CFPB monitor request for pricing files.

HYPOTHESES TO TEST 1. SPCP written plan versus actual originations reads as Remove access or reverse the item once a DOJ or CFPB monitor request for pricing files is lined up to the same Fair Lending population. 2. SPCP written plan versus actual originations is closer to Temporary compensating control after a DOJ or CFPB monitor request for pricing files; Remove access or reverse the item would over-claim this Examination and Notices extract. 3. Approve a documented exception is still live in SPCP written plan versus actual originations for fair-lending officer in an institution preparing for a redlining exam. 4. SPCP written plan versus actual originations is missing the fact fair-lending officer needs after a DOJ or CFPB monitor request for pricing files; stop this Fair Lending close.

ANALYSIS REQUIRED 1. Match the adverse-action language to the facts in SPCP written plan versus actual originations. 2. Check HMDA coding and underwriting policy against notices match the actual. 3. Compare SPCP written plan versus actual originations to similarly situated files, second-review notes, and reason codes after a DOJ or CFPB monitor request for pricing files. 4. For this Fair Lending Examination and Notices file, read SPCP written plan versus actual originations against a DOJ or CFPB monitor request for pricing files and write the one fact that would move notices match the actual for fair-lending officer.

RECOMMENDATION Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold on this Fair Lending / Examination and Notices packet (SPCP written plan versus actual originations after a DOJ or CFPB monitor request for pricing files). The follow-on Examination and Notices action is what fair-lending officer does next: implement the option, assign an owner, and log the missing fact.

COMMAND RETURNS - Bottom-line Fair Lending option on notices match the actual, then the evidence in SPCP written plan versus actual originations, then the action for fair-lending officer - Hypothesis scorecard against SPCP written plan versus actual originations: supported / rejected / untestable - Examination and Notices finding in SPCP written plan versus actual originations that a second reviewer can re-perform - Missing page in SPCP written plan versus actual originations after a DOJ or CFPB monitor request for pricing files, if any