228 loan - An Overview
228 loan - An Overview
Blog Article
(one) Facts indicating that a bank acquired closed-conclusion dwelling property finance loan loans, modest small business loans, compact farm loans, or automobile loans for the sole or Main purpose of inappropriately boosting its retail lending performance, which include, although not limited to, data indicating subsequent resale of such loans or any sign that such loans have been regarded in several depository establishments' CRA evaluations, wherein scenario the Board isn't going to think about such loans within the bank's functionality evaluation;
The Board considers Group progress loans and Local community advancement investments allocated pursuant to paragraph I.b of appendix B to this section.
The Board evaluates a constrained intent lender's community advancement financing general performance in Every State or multistate MSA, as relevant pursuant to §§ 228.
(iii) A list showing Each and every census tract through which the financial institution documented a small enterprise loan or a small farm loan;
implies, notwithstanding the definition of “compact company” With this section, a loan included in “loans to smaller businesses” as documented in Schedule RC-C of the Call Report.
(iii) An inventory demonstrating each census tract by which the financial institution noted a small business enterprise loan or a little farm loan;
Ahead of submitting a draft want to the Board for approval pursuant to paragraph (h) of the section, a financial institution must:
(ii) In step with paragraph (g) of the area, a bank's program may possibly incorporate optional analysis parts or eligible modifications and additions into the functionality tests that might utilize while in the absence of the accepted approach.
suggests the period, normally in calendar decades, in the course here of which a lender conducted the routines which the Board evaluates inside a CRA evaluation, in accordance While using the Board's suggestions and techniques.
indicates a shut-conclude property house loan loan or an open-finish dwelling home finance loan loan as these terms are outlined With this part.
) The quantity of examining and personal savings accounts opened digitally and thru other delivery devices which are Energetic at the conclusion of Every calendar 12 months by census tract income stage for every calendar calendar year.
The Board considers the weighted common with the performance scores comparable to the bank's Neighborhood Enhancement Providers Exam conclusions for its facility-primarily based assessment spots within a Condition, multistate MSA, or perhaps the establishment pursuant to portion IV of appendix B to this element.
Upon ask for, a financial institution need to offer copies, both on paper or in digital sort suitable to the person earning the request, of the information in its community file. The bank may well charge an inexpensive cost never to exceed the expense of copying and mailing (if not furnished in digital kind).
The Board considers the loans, expenditure, products and services, and items of a lender's functions subsidiaries below this element, unless an functions subsidiary is independently matter for the CRA.