228 loan - An Overview
228 loan - An Overview
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This element won't apply to financial institutions that don't accomplish commercial or retail banking products and services by granting credit history to the public in the common class of small business, besides as incident for their specialized operations and completed on an accommodation basis.
When implementing functionality checks and strategic strategies pursuant to paragraph (a) of the segment, and when determining irrespective of whether to approve a strategic prepare pursuant to § 228.
signifies, notwithstanding the definition of “modest farm” With this section, a loan A part of “loans to compact farms” as described in Plan RC-C of the Call Report.
(i) The selection and percentage of originations and apps of the large bank's residence mortgage loan loans by borrower or applicant money level, race, and ethnicity;
) Certain information regarding the greenback quantity of the Local community development loan or Neighborhood progress investment decision which was allotted to every county served via the loan or expense, if out there.
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The CRA which aspect usually do not demand a financial institution to originate or obtain loans or investments or to deliver products and services which have been inconsistent with Protected and sound banking tactics, which includes underwriting criteria.
) A bank may possibly use alternate weights for combining the borrower and geographic distribution analyses for major solution line(s) or other loan solutions.
usually means the time period, generally in calendar several years, throughout which a financial institution done the routines the Board evaluates in a CRA evaluation, in accordance Using the Board's pointers and procedures.
(i) All the knowledge expected for the bank's community file must be taken care of at the key Office environment and, if an interstate bank, at a single branch Business office in Each individual Point out; and
(A) A replica of the public part website from the financial institution's newest CRA effectiveness analysis and a listing of solutions supplied by the branch; and
The Board considers the weighted normal of the functionality scores equivalent to the bank's Local community Enhancement Expert services Exam conclusions for its facility-based mostly evaluation parts in a Condition, multistate MSA, or the establishment pursuant to portion IV of appendix B to this section.
Notwithstanding the requirements of the area, a armed service lender whose customers are not Situated in just a defined geographic spot may well delineate your complete Usa and its territories as its sole facility-based mostly assessment space.
(four) In the event the financial institution didn't revise the initial draft prepare in reaction to suggestions or worries from general public enter received, an explanation for why any suggestion or worry wasn't dealt with in the draft program.