228 loan - An Overview
228 loan - An Overview
Blog Article
The Board assessments the effect and responsiveness of the bank's Neighborhood progress loans and Group improvement investments that advantage or serve a Condition, as offered in § 228.fifteen.
(ii) The retail banking products and services and retail banking items demands of its facility-centered evaluation places and at the institution amount that happen to be covered from the program.
Aside from a little financial institution that opts to generally be evaluated pursuant towards the Retail Lending Examination in § 228.22, the Board assigns conclusions for the functionality of a little financial institution evaluated underneath this section as furnished in appendix E to this section.
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The Board considers the use of the lender's deposit items attentive to the demands of minimal- and reasonable-profits persons, family members, or households according to the subsequent facts:
(ii) If a substantial financial institution is just not topic to reporting below twelve CFR component 1003 as a consequence of The placement of its branches, but would normally meet the house Property finance loan Disclosure Act (HMDA) measurement and lending action prerequisites pursuant to 12 CFR aspect 1003, the lender must obtain and manage, in electronic form, as prescribed from the Board, right up until the completion of the lender's up coming CRA evaluation through which the info are evaluated, the next data, for each shut-end residence home finance loan loan, excluding multifamily loans, originated or purchased through the evaluation period:
) Advantages or serves one or more geographic spots with lower amounts of community enhancement financing;
(ii) Any county inside a nonmetropolitan place during which the bank did not originate or obtain any shut-conclude residence home loan loans, tiny company loans, smaller farm loans, or automobile loans if auto loans are a product line for the financial institution.
The Board opinions the effect and responsiveness from the lender's Group enhancement loans and Local community growth investments that reward or serve a multistate MSA, as provided in § 228.fifteen.
Throughout the term of the approach, a financial institution might ask for the Board to approve an amendment into the program within the absence of a material transform in instances.
(B) Within 5 calendar times from the ask for, all the data that the bank is required to maintain beneath this part in the public file concerning the facility-primarily based assessment spot wherein the branch is located.
A sizable bank will have to accumulate and keep in Digital sort, as prescribed because of the Board, right up until completion on the bank's next CRA examination by which the info are evaluated, the following data with regard to retail banking companies and retail banking merchandise supplied and furnished by the bank during Just about every calendar yr:
(B) A read more sizable lender might modify the Retail Products and services and Merchandise Test by taking away a component on the exam.
) The choice of retail banking services and retail banking goods supplied by way of electronic supply systems as well as other shipping and delivery techniques; and