Little Known Facts About 228 loan.
Little Known Facts About 228 loan.
Blog Article
For every census tract through which the lender originated or obtained a little company loan or tiny farm loan, the bank need to report the aggregate quantity and dollar quantity of modest business enterprise loans and little farm loans:
(six) A map of every facility-based evaluation place and, as relevant, each retail lending evaluation location demonstrating the boundaries of the world and figuring out the census tracts contained in the area, either on the map or within a separate checklist; and
Throughout the time period of the plan, a financial institution must post to your Board for approval an Modification to its program if a cloth transform in situation:
(2) A copy of the public portion of the financial institution's most recent CRA overall performance analysis ready through the Board. The lender ought to involve this duplicate in the public file in thirty business days following its receipt from the Board;
The Board testimonials the effect and responsiveness of a bank's Group growth loans and Local community progress investments that advantage or provide a facility-based evaluation area, as delivered in § 228.15.
(ii) Why an evaluation in the financial institution pursuant to any facet of a prepare in paragraph (d)(one) of this part would extra meaningfully replicate a bank's report of assisting to meet up with the credit rating requires of its Group than if it ended up evaluated underneath the overall performance tests that might implement while in the absence of an accepted approach; and
signifies a lender's loans in one of the next, different types in a specific Retail Lending Take a look at Region:
) Benefits or serves a number of geographic areas with lower amounts of Group improvement financing;
The Board evaluates a financial institution's community advancement solutions performance in a very Condition or multistate MSA, as applicable, or nationwide area, and assigns a conclusion for people places, according to the following two factors:
(ii) As soon as the bank has designed its Original draft program, formally solicit general public touch upon the Original draft program for a minimum of sixty days by:
The Board evaluates an intermediate financial institution's report of helping to meet the credit demands of its entire Group pursuant into the Retail Lending Take a look at in § 228.
) The number of checking and savings accounts opened digitally and through other supply techniques by census tract income level for each calendar calendar year; and
글보내기 기능을 제한합니다. 네이버는 블로그를 통해 저작물이 무단으로 공유되는 것을 막기 위해, 저작권을 침해하는 컨텐츠가 포함되어 있는 게시물의 경우 글보내기 기능을 제한하고 있습니다.
Pursuant to § 228.21, the Retail Lending Test evaluates a financial institution's document of assisting to satisfy the credit history requires of its whole community through the website lender's origination and buy of property house loan loans, multifamily loans, little business loans, and small farm loans.