Not known Details About 228 loan
Not known Details About 228 loan
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) Community progress loan or Neighborhood development investment depth, such as the particular form of funding and kind of entity supported (
(ii) The retail banking companies and retail banking products and solutions demands of its facility-dependent evaluation areas and on the institution degree that are coated with the prepare.
(ii) If a large lender is not needed to delineate a retail lending evaluation location Formerly determined from the program due to not Assembly the required retail lending evaluation place thresholds pursuant to § 228.
(iii) A list showing Each individual census tract by which the bank reported a little small business loan or a small farm loan;
The Board evaluations the effect and responsiveness of the bank's community growth loans and Local community advancement investments that gain or serve a facility-based evaluation space, as furnished in § 228.15.
The Board may modify a small bank rating from “Satisfactory” to “Superb” on the establishment degree the place the lender requests and gets additional consideration for the following activities, without having regard to whether the activity is in a number of with the financial institution's facility-dependent evaluation regions, as applicable:
Right before publishing a draft intend to the Board for approval pursuant to paragraph (h) of this area, a bank need to:
(B) For every of the lender's facility-primarily based assessment places in just a nonmetropolitan space, the Nonmetropolitan Nationwide Group Improvement Financing Benchmark measures the dollar quantity of Group development loans and community development investments that benefit or provide nonmetropolitan spots in the nationwide area for all big depository institutions in comparison with deposits located in nonmetropolitan areas in the nationwide region for all large depository establishments.
A bank have to deliver in the public location of its most important Business office and every of its branches the right general public notice set forth in appendix F to this portion. Just a department of the lender having multiple facility-based assessment area ought to consist of the bracketed materials while in the detect for department places of work.
indicates a closed-end home home loan loan or an open up-conclusion household home finance loan loan as these phrases are defined in this section.
(B) A lender besides a substantial bank might involve a Neighborhood advancement services ingredient and accompanying annual measurable aims in its program.
(B) For more info giant banking institutions that had belongings below or equal to $ten billion as of December 31 in either in the prior two calendar yrs, the Board considers a lender's deposit goods only at the bank's selection.
(ii) The Board considers an intermediate lender's Neighborhood advancement loans, Group advancement investments, and Group advancement services devoid of regard to whether or not the action is created in a number of of the bank's facility-dependent evaluation areas. The extent on the Board's thought of Group improvement loans, Neighborhood progress investments, and Local community development providers beyond the financial institution's facility-dependent evaluation regions will rely upon the adequacy of your lender's responsiveness to Neighborhood development wants and chances in the financial institution's facility-based mostly assessment locations and applicable performance context info.
(x) An indicator for whether the loan was to a company or farm for which gross yearly revenues are not known by the lender.