The best Side of 228 loan
The best Side of 228 loan
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The Board evaluates a little financial institution's report of assisting to meet up with the credit requires of its whole Neighborhood pursuant to your Small Lender Lending Test as delivered in paragraph (a)(two) of this area, Except if the little bank opts to get evaluated pursuant to the Retail Lending Examination in § 228.22.
The Board considers Group enhancement loans and Group progress investments allocated pursuant to paragraph I.b of appendix B to this part.
(i) The array of retail banking providers and retail banking merchandise presented through electronic delivery methods and other shipping systems;
(two) A copy of the public segment from the bank's most recent CRA efficiency evaluation ready by the Board. The bank will have to include this duplicate in the public file inside 30 enterprise days after its receipt within the Board;
(D) A bank apart from a big bank may include retail banking solutions or retail banking items component(s) and accompanying once-a-year measurable aims in its system.
The Board evaluates a considerable financial institution's history of helping to meet the credit rating requirements of its entire Local community in its outside retail lending place pursuant to § 228.
Responses or questions on doc content can not be answered by OFR personnel. Be sure to don't give private information and facts or individual knowledge.
(B) For every of the bank's facility-based evaluation spots inside a nonmetropolitan location, the Nonmetropolitan Nationwide Group Development Funding Benchmark steps the dollar volume of Group development loans and community progress investments that benefit or serve nonmetropolitan regions during the nationwide spot for all massive depository institutions compared to deposits located in nonmetropolitan locations inside the nationwide location for all massive depository institutions.
) The remarkable balance of the community development loan originated, ordered, refinanced, or renewed in preceding yrs or Local community improvement investment decision made or renewed in preceding years, as of December 31 for each and every year which the loan or expense stays over the bank's stability sheet; or
A financial institution may submit more details to your Board on a confidential basis, though the objectives said in the program need to be adequately particular to permit the general public as well as the Board to evaluate the deserves of your strategy.
) The amount of examining and discounts accounts opened digitally 228 loan and through other shipping and delivery units that are active at the end of Just about every calendar calendar year by census tract money stage for every calendar calendar year.
When you have thoughts to the Agency that issued The present doc make sure you Call the agency specifically.
A lender must retain a general public file, in either paper or digital format, that includes the next facts:
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