228 loan - An Overview
228 loan - An Overview
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(four) Some other proof demonstrating that the financial institution's Neighborhood development solutions are conscious of community improvement demands, including the number of lower- and moderate-money men and women which might be individuals, or quantity of corporations served; and
(E) The bank fails to provide info requested via the Board that's needed for the Board for making an educated choice.
The Board fees the efficiency of an intermediate financial institution evaluated beneath this part as provided in appendix D to this component.
The Board employs the retail lending assessment regions delineated by a big bank in its evaluation of the financial institution's shut-finish dwelling house loan lending and tiny business lending effectiveness unless the Board determines the retail lending evaluation areas tend not to adjust to the requirements of this area.
For a small financial institution evaluated underneath the Tiny Financial institution Lending Test, the Board costs the lender's efficiency underneath this section as presented in appendix E to this part.
(ii) If a substantial lender is not topic to reporting beneath twelve CFR aspect 1003 resulting from the location of its branches, but would in any other case meet up with the house Property finance loan Disclosure Act (HMDA) size and lending activity needs pursuant to 12 CFR element 1003, the financial institution ought to obtain and maintain, in Digital kind, as prescribed from the Board, until finally the completion on the financial institution's following CRA evaluation through which the information are evaluated, the following data, for get more info every closed-stop residence house loan loan, excluding multifamily loans, originated or obtained through the analysis period of time:
The CRA which part will not demand a lender to originate or buy loans or investments or to offer providers which have been inconsistent with Protected and audio banking practices, which includes underwriting requirements.
The Retail Lending Exam evaluates a bank's report of helping to meet up with the credit history demands of its entire Local community in the financial institution's origination and buy of vehicle loans In the event the lender is actually a majority car lender.
A large bank that experienced belongings better than $10 billion as of December 31 in each of your prior two calendar many years need to collect and preserve each year, in electronic kind, as prescribed because of the Board, right until the completion of your bank's up coming CRA evaluation by which the info are evaluated, the dollar volume of its deposits for the county level based on deposit place.
(A) A duplicate of the general public area of your bank's most recent CRA efficiency evaluation and an index of providers furnished by the department; and
The Board evaluates a financial institution's remote assistance facility availability in a very facility-centered evaluation space based on the subsequent:
The skin retail lending location is comprised of part geographic spots. A component geographic location is any MSA or perhaps the nonmetropolitan place of any Point out, or part thereof, bundled inside the outside retail lending location.
Pursuant to § 228.28 and appendix C to this section, the Board assigns conclusions for just a financial institution's Community Enhancement Products and services Examination efficiency in Each and every facility-based evaluation region, Each individual Condition or multistate MSA, as applicable, and to the institution.
The Board considers the loans, expenditure, expert services, and products and solutions of the financial institution's operations subsidiaries under this part, Except an functions subsidiary is independently topic towards the CRA.