The best Side of 228 loan
The best Side of 228 loan
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) Group development loan or community progress expense detail, such as the specific form of funding and kind of entity supported (
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The Board prices the general performance of an intermediate bank evaluated beneath this part as delivered in appendix D to this part.
(B) The Board evaluates the small financial institution for your analysis period previous the bank's next CRA evaluation pursuant towards the Retail Lending Exam in § 228.22 and carries on evaluations below this overall performance exam for subsequent evaluation durations until finally the lender opts out.
The Board assessments the effects and responsiveness of the bank's community enhancement loans and Local community advancement investments that advantage or serve a facility-centered assessment area, as provided in § 228.15.
The Board evaluates a large bank's report of helping to satisfy the credit requirements of its overall Neighborhood in its outside the house retail lending space pursuant to § 228.
(6) A bank's shut-end home mortgage loan lending, small business lending, little farm lending, or auto lending in distressed or underserved nonmetropolitan middle-income census tracts where by a financial institution's nonmetropolitan facility-based evaluation area or nonmetropolitan retail lending evaluation location incorporates only a few or no small- and reasonable-earnings census tracts; and
For a big bank needed to report household home finance loan loan knowledge pursuant to 12 CFR section 1003, the Board will publish to the Board's Site the info expected by paragraph (j)(2) of the segment regarding the distribution of a big lender's originations and applications of dwelling mortgage loans by borrower or applicant revenue amount, race, and ethnicity in Just about every from the lender's facility-primarily based evaluation areas, and as relevant, its retail lending evaluation places. This information and facts is revealed on a yearly basis depending on details documented pursuant to twelve CFR section 1003.
(B) Within five calendar times in the ask for, all the knowledge that the bank is required to take care of under this segment in the general public file associated with the ability-based assessment area wherein the branch is situated.
) of the part, The proportion of responsive deposit accounts when read more compared with whole deposit accounts for each and every year on the evaluation interval.
For every of the big lender's facility-primarily based evaluation places, and as applicable, its retail lending evaluation locations, the Board publishes around the Board's Web site:
Any facility-based evaluation location, retail lending evaluation spot, outside retail lending place, or other geographic region that may be evaluated inside the absence of the accredited strategy, but will not be included in an permitted strategy, might be evaluated pursuant towards the general performance tests that might utilize within the absence of an authorised strategy.
(two) A home property finance loan loan or simply a multifamily loan is situated during the census tract wherever the home securing the loan is situated; and
A sizable lender should obtain and keep in electronic type, as prescribed because of the Board, until finally completion in the lender's upcoming CRA evaluation where the info are evaluated, the next facts with respect to retail banking companies and retail banking products available and supplied by the lender all through Every single calendar yr: