Dodd-Frank Section 1071 Readiness Checklist
Are You Prepared for New Small Business Lending Data Requirements?
As Section 1071 of the Dodd-Frank Act introduces new expectations for small business lending data collection and reporting, financial institutions must ensure their teams, processes, and systems are aligned. This readiness checklist provides a practical way to evaluate your current state, identify gaps, and prioritize next steps, before regulatory deadlines put added pressure on your institution.
Use this checklist to take a structured look at how prepared your institution is today, across the areas that matter most for operational readiness, data integrity, and audit confidence.
- Data collection and standardization
- Access controls and data protection
- Reporting and audit readiness
- Operational workflows and systems
- Policy and process alignment
Why Readiness Matters Now
Preparing for Section 1071 is not just about meeting a requirement - it’s about ensuring your financial institution can operate consistently, securely, and with confidence under new regulation. Many institutions are finding that existing workflows were not built to support the level of data consistency, visibility, and control now expected.
Download this checklist to get a clear, actionable view of where you stand today, and what steps to take next to strengthen your readiness.