228 loan - An Overview
228 loan - An Overview
Blog Article
The Board assessments the effect and responsiveness in the lender's Neighborhood advancement loans and Local community development investments that benefit or serve a Condition, as presented in § 228.fifteen.
(6) A map of every facility-dependent assessment spot and, as relevant, Every single retail lending evaluation place showing the boundaries of the realm and figuring out the census tracts contained in the area, either on the map or inside of a separate list; and
Aside from a small lender that opts being evaluated pursuant for the Retail Lending Exam in § 228.22, the Board assigns conclusions for that performance of a little lender evaluated below this part as presented in appendix E to this component.
(A) Submitting the Preliminary draft strategy for publication about the Board's Web-site and by publishing the initial draft strategy over the financial institution's Web site, When the lender maintains a single; and
The Board evaluates a armed forces lender pursuant to your applicable effectiveness assessments explained in paragraph (a) of this part.
(iii) A listing demonstrating Each individual census tract where the bank reported a small business loan or a small farm loan;
The Board weights the lender's general performance score for that performance assessments applicable to an intermediate lender as follows:
The Board's thing to consider in the distant assistance facility distribution metrics is informed by the next benchmarks:
A lender have to offer in the general public region of its key Business office and every of its branches the appropriate community see set forth in click here appendix F to this aspect. Just a branch of a financial institution owning more than one facility-centered assessment location ought to consist of the bracketed product within the observe for department places of work.
(2) A significant financial institution is just not required to delineate retail lending evaluation parts for a particular calendar yr if, inside the prior two calendar many years, the massive bank originated or purchased within just its facility-based mostly evaluation regions over eighty % of its dwelling home finance loan loans, multifamily loans, tiny company loans, smaller farm loans, and car loans if vehicle loans are an item line for the big lender as described in paragraph II.a.1 of appendix A to this section.
To get a designation being a limited intent financial institution, a financial institution must file a composed request While using the Board at the least ninety times ahead of the proposed efficient date on the designation.
(three) The quantity of lenders whose dwelling property finance loan loans, multifamily loans, small company loans, and little farm loans and deposits info are utilised to ascertain the applicable Retail Lending Volume Threshold, geographic distribution marketplace benchmarks, and borrower distribution industry benchmarks;
(i) Impedes its power to perform at a satisfactory level under the prepare, which include financial constraints attributable to major situations that impact the nearby or national economic system; or
A lender ought to sustain a public file, in both paper or digital format, that includes the subsequent data: