228 loan - An Overview
228 loan - An Overview
Blog Article
The Board evaluates a lender's retail banking items available from the financial institution's facility-dependent evaluation locations and nationwide, as applicable, in the institution degree as follows:
(E) The bank fails to supply facts requested because of the Board that may be essential for the Board to help make an educated final decision.
indicates retail monetary services supplied by a lender to buyers, modest businesses, or compact farms and consist of a lender's techniques for providing retail money companies.
(B) The Board evaluates the small financial institution for that evaluation interval preceding the financial institution's subsequent CRA assessment pursuant for the Retail Lending Exam in § 228.22 and continues evaluations underneath this functionality test for subsequent analysis durations right up until the lender opts out.
) A list of the geographic regions served by the Neighborhood enhancement loan or community growth expense, specifying any county, Condition, multistate MSA, or nationwide place served; and
Pursuant to 12 U.S.C. 2906, the Board supplies conclusions derived below this part individually for metropolitan parts during which a lender maintains one or more domestic branch offices and for the nonmetropolitan place of a State if a lender maintains one or more domestic department places of work in these kinds of nonmetropolitan region.
) Benefits or serves a number of geographic spots with small levels of Neighborhood progress funding;
A sizable bank will have to accumulate and retain in electronic form, as prescribed by the Board, right until the completion with the financial institution's up coming CRA examination wherein the information are evaluated, the following details for each compact business enterprise loan or modest farm loan originated or obtained by the lender through the analysis period:
The Lender Nationwide Community Enhancement Financing Metric measures the greenback quantity with the bank's Group progress loans and Neighborhood development investments that gain or serve all or Component of the nationwide region in comparison to deposits during the lender located in the nationwide place, calculated pursuant to paragraph II.j of appendix B to this element.
means a shut-close dwelling property finance loan loan or an open-stop property property finance loan loan as these terms are described During this portion.
Affiliated depository institutions supervised by exactly the same Federal economical supervisory agency might get ready a joint program, provided which the program consists of, for every bank, the relevant efficiency checks that will utilize inside the absence of the accepted system.
) of this segment in precisely the same calendar 12 months, of the Local community growth loan refinanced or renewed in a very yr subsequent on the yr of origination or obtain, as of December 31 in the calendar year for annually that the loan continues to be over the lender's stability sheet; or an existing Group growth financial commitment renewed in a year subsequent into the 12 months the financial commitment was created as of December 31 for every year which the investment decision remains to the financial institution's balance sheet.
Initiatives to revitalize or read more stabilize a qualified census tract that come with both equally business and residential elements qualify as revitalization or stabilization pursuits beneath this paragraph (e)(2), if:
Pursuant to § 228.21, the Group Advancement Funding Check for Minimal Purpose Financial institutions evaluates a limited function lender's record of helping to meet up with the credit rating wants of its complete Group by means of community enhancement loans and community growth investments (