About 228 loan
About 228 loan
Blog Article
(i) The retail lending requires of its facility-centered assessment locations, retail lending assessment areas, and out of doors retail lending region which might be protected through the program. A bank that originates or buys loans in an item line evaluated pursuant for the Retail Lending Test in § 228.
(iv) No matter whether to solicit supplemental community input or have to have the financial institution to supply any further reaction to general public input previously gained.
The Nationwide Asset-Centered Local community Progress Financing Benchmark measures the greenback volume of Group progress loans and Neighborhood improvement investments that profit or serve all or Component of the nationwide place of all depository establishments that documented pursuant to § 228.
The Board considers proof of discriminatory or other illegal credit score methods described Within this segment by:
(six) A bank's shut-stop dwelling mortgage lending, compact organization lending, little farm lending, or auto lending in distressed or underserved nonmetropolitan middle-profits census tracts in which a bank's nonmetropolitan facility-dependent evaluation place or nonmetropolitan retail lending evaluation spot consists of not many or no reduced- and reasonable-earnings census tracts; and
(ii) Any county in a very nonmetropolitan area by which the bank did not originate or buy any closed-stop property house loan loans, smaller company loans, modest farm loans, or vehicle loans if car loans are a product line for that lender.
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The Board assigns conclusions for your efficiency of a lender operating below a strategic strategy pursuant to § 228.
The Board works by using the ability-based evaluation parts delineated by a bank in its analysis of your financial institution's CRA overall performance Until the Board decides that the power-dependent assessment locations never comply with the necessities of this area.
suggests a bank that's not while in the company of extending shut-finish dwelling house loan loans, little business enterprise loans, modest farm loans, or automobile loans evaluated below § 228.
The Board prices the efficiency of the intermediate bank evaluated under this segment as offered in appendix D to this element.
Things regarded in evaluating the affect and responsiveness of a financial institution's Local community development loans, Neighborhood advancement investments, and Neighborhood advancement providers contain, but aren't restricted to, if the community enhancement loan, Local community improvement expense, or Neighborhood progress support:
If a navy financial institution delineates your entire America and its territories as its sole facility-centered evaluation place pursuant to § 228.16(d), the Board evaluates the bank exclusively at the establishment stage dependant on its general performance in its more info sole facility-centered assessment spot.
The Board considers the loans, investments, providers, and merchandise of affiliates of a bank that aren't functions subsidiaries, with the financial institution's selection, matter to the following: