228 loan - An Overview
228 loan - An Overview
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The Board evaluations the impact and responsiveness of the lender's Neighborhood enhancement loans and Neighborhood progress investments that advantage or serve a facility-based assessment place, as offered in § 228.fifteen.
The Multistate MSA Group Enhancement Funding Benchmark measures the dollar volume of Neighborhood enhancement loans and Neighborhood improvement investments that advantage or serve a multistate MSA for all significant depository institutions when compared to deposits situated in the multistate MSA for all large depository establishments, calculated pursuant to paragraph II.h of appendix B to this aspect.
(two) The dispersion of a financial institution's shut-finish dwelling property finance loan lending, smaller small business lending, little farm lending, or automobile lending inside a facility-dependent assessment area to ascertain whether there are gaps in lending that are not described by overall performance context;
A lender have to contain in its approach a target the credit desires of its complete Group, such as small- and average-revenue people today, families, or households, reduced- and moderate-earnings census tracts, and small corporations and tiny farms. The lender should describe how its approach is aware of the qualities and credit demands of its facility-based assessment parts, retail lending evaluation areas, outdoors retail lending place, or other geographic areas served through the financial institution, looking at public remark and the bank's capacity and constraints, item offerings, and organization tactic. As relevant, a financial institution have to specify parts in its prepare for helping to satisfy:
Pursuant to § 228.28 and appendix D to this section, the Board click here incorporates a financial institution's Retail Lending Take a look at conclusions into its Point out or multistate MSA ratings, as applicable, and its institution ranking.
(one) A purchaser loan is located while in the census tract where by the borrower resides at the time that the borrower submits the loan application;
The Board considers the loans, investment, services, and products of the financial institution's operations subsidiaries below this component, unless an functions subsidiary is independently subject matter to your CRA.
signifies a lender that is not inside the business enterprise of extending shut-stop house home loan loans, smaller enterprise loans, smaller farm loans, or car loans evaluated under § 228.
The Board premiums the performance of the intermediate lender evaluated underneath this portion as delivered in appendix D to this section.
When you've got concerns to the Agency that issued The present doc be sure to Get in touch with the agency immediately.
b of appendix A to this part for facility-primarily based assessment parts and retail lending evaluation areas, and paragraph IV.d of appendix A to this element for out of doors retail lending parts; and
The Board considers the loans, investments, companies, and merchandise of affiliates of a bank that aren't functions subsidiaries, with the financial institution's selection, matter to the following: