5 Simple Techniques For 228 loan
5 Simple Techniques For 228 loan
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The Board evaluates a small lender's file of assisting to satisfy the credit requirements of its overall community pursuant to the Small Lender Lending Test as furnished in paragraph (a)(2) of this part, Unless of course the compact bank opts for being evaluated pursuant on the Retail Lending Examination in § 228.22.
usually means a lender that is not in the organization of extending shut-finish dwelling mortgage loan loans, compact business enterprise loans, modest farm loans, or automobile loans evaluated below § 228.
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A lender that includes modified or further performance analysis elements with accompanying yearly measurable aims in its plan need to specify in its program annual measurable objectives that constitute “Satisfactory” effectiveness and could specify annual measurable ambitions that constitute “Exceptional” general performance.
The Restricted Function Bank Community Progress Financing Metric steps the greenback quantity of the lender's Local community progress loans and community advancement investments that reward or serve all or Portion of the nationwide place as compared to the lender's belongings calculated pursuant to paragraph III.a of appendix B to this component.
(i) All the knowledge essential for your financial institution's community file has to be preserved at the principle Business and, if an interstate lender, at 1 branch office in Each individual Condition; and
(3) Gains or serves a number of geographic parts with reduced amounts of Group improvement funding;
If an intermediate financial institution opts to be evaluated pursuant on the Community Advancement Financing Examination in § 228.24, here the Board evaluates the intermediate financial institution for the evaluation period of time previous the bank's future CRA examination pursuant for the Local community Development Financing Take a look at in § 228.24 and proceeds evaluations pursuant to this efficiency check for subsequent analysis durations till the financial institution opts out.
In assigning Retail Lending Examination conclusions for any Condition pursuant to § 228.22(h), the Board won't look at a financial institution's activities to generally be while in the State if Those people routines occur inside a retail lending assessment area consisting of counties in more than one Point out.
An Modification into a system should adjust to all appropriate demands of the segment, unless the Board waives a need as not applicable.
A small financial institution, or possibly a lender that was a small bank over the prior calendar calendar year, should involve in its public file the bank's loan-to-deposit ratio for each quarter in the prior calendar yr and, at its option, added facts on its loan-to-deposit ratio.
The Board considers the weighted ordinary with the effectiveness scores similar to the financial institution's conclusions for your Group Progress Financing Exam for its facility-dependent assessment locations throughout the nationwide place, calculated pursuant to segment IV of appendix B to this part.
(iii) The financial institution's file of lending to and, as correct, engaging in other retail and community advancement lending-relevant functions for borrowers of various income degrees and businesses and farms of various dimensions;
A financial institution will have to sustain a general public file, in both paper or electronic structure, that features the following information: