About 228 loan
About 228 loan
Blog Article
(one) Information indicating that a financial institution procured closed-conclude property mortgage loans, modest business loans, tiny farm loans, or vehicle loans for the sole or Principal objective of inappropriately improving its retail lending performance, like, but not limited to, data indicating subsequent resale of these loans or any indicator that such loans have been regarded in a number of depository establishments' CRA evaluations, during which situation the Board isn't going to consider such loans while in the financial institution's general performance evaluation;
The Board may adjust the ranking of the intermediate financial institution evaluated as presented in paragraph (a)(2) of this section from “Satisfactory” to “Superb” within the establishment stage wherever the lender requests and gets more consideration for routines that might qualify pursuant into the Retail Companies and Goods Test in § 228.23.
(i) The variety of retail banking services and retail banking products and solutions made available by electronic shipping and delivery techniques and other supply devices;
(two) A replica of the public portion from the lender's most recent CRA overall performance analysis organized by the Board. The lender must incorporate this copy in the public file in 30 small business days soon after its receipt in the Board;
(i) The public's involvement in formulating the draft approach, like unique information and facts concerning the members of the public and businesses the lender contacted And just how the financial institution collected facts related into the draft program;
(ii) Why an analysis of your bank pursuant to any aspect of a program in paragraph (d)(1) of the part would extra meaningfully mirror a bank's report of helping to satisfy the credit rating requires of its Local community than if it were evaluated underneath the overall performance tests that could apply within the absence of the accepted plan; and
Reviews or questions about doc content material cannot be answered by OFR team. You should don't provide confidential facts or own knowledge.
(three) A little enterprise loan or small farm loan is situated during the census tract wherever the key company facility or farm is situated or in which the borrower will or else utilize the loan proceeds, as indicated through the borrower.
) The outstanding stability of a Local community advancement loan originated, purchased, refinanced, or renewed in former many years or Neighborhood progress financial commitment manufactured or renewed in former many years, as of December 31 for each year that the loan or financial investment remains around the lender's stability sheet; or
The Board assigns conclusions with the effectiveness of the financial institution functioning beneath a strategic prepare pursuant to § 228.
A bank have to specify in its strategy how all factors of a program included in paragraphs (g)(1) by way of (five) of the segment, at the side of any other applicable overall performance checks not A part of an authorised strategic program, really should be thought of to assign:
The Board considers the weighted normal of your general performance scores akin to the financial institution's Group Growth Companies Check conclusions for its facility-centered evaluation regions inside of a Condition, multistate MSA, or even the institution pursuant to portion IV of appendix B to this part.
Pursuant to § 228.28 and appendix C to this aspect, the Board assigns conclusions to get a bank's Group Development Solutions Test performance in Just about every facility-centered assessment region, each Point out or multistate MSA, as applicable, and with the institution.
The Financial 228 loan institution Multistate MSA Community Improvement Funding Metric steps the dollar volume of the lender's Neighborhood advancement loans and community enhancement investments that gain or serve a multistate MSA compared to deposits during the bank situated in the multistate MSA, calculated pursuant to paragraph II.g of appendix B to this element.