228 loan - An Overview
228 loan - An Overview
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The Nationwide Community Improvement Financing Benchmark measures the dollar quantity of Neighborhood advancement loans and Local community growth investments that benefit or provide all or Portion of the nationwide place for all significant depository institutions when compared to the deposits located in the nationwide spot for all massive depository institutions, calculated pursuant to paragraph II.k of appendix B to this element.
The Board assigns an In general CRA efficiency rating into a financial institution in Each and every Condition or multistate MSA, as relevant, and to the establishment pursuant to § 228.28 and appendices D and E to this portion.
The Board considers Neighborhood development loans and Local community development investments allocated pursuant to paragraph I.b of appendix B to this part.
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A lender topic to this aspect might ask for which the Board confirm that a loan, expenditure, or company is eligible for Neighborhood progress thing to consider by submitting a request to, and in a format prescribed by, the Board.
A financial institution ought to include things like in its system a deal with the credit requires of its entire Local community, which includes low- and reasonable-earnings people today, households, or homes, reduced- and reasonable-income census tracts, and modest companies and modest farms. The bank ought to explain how its program is conscious of the qualities and credit rating needs of its facility-based mostly evaluation areas, retail lending assessment regions, outside the house retail lending location, or other geographic regions served via the bank, looking at general public comment and also the bank's potential and constraints, products choices, and enterprise tactic. As relevant, a lender will have to specify factors in its plan for helping to fulfill:
Pursuant to § 228.21, the Retail Lending Exam evaluates a financial institution's record of assisting to meet the credit score requires of its full Local community from the financial institution's origination and purchase of household home finance loan loans, multifamily loans, modest enterprise loans, and small farm loans.
(1) A nonmetropolitan Center-income census tract is designated as distressed whether it is inside of a county that meets one or more of the next conditions:
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Purchases of mortgage loan-backed securities the place a bulk in the underlying loans are not loans that the financial institution originated or obtained and:
The Point out Local community Advancement Financing Benchmark actions the dollar quantity of Neighborhood development loans and Local community advancement investments that benefit or provide all or A part of a Point out for all huge depository establishments as compared to deposits located in the Point out for all huge depository establishments, calculated pursuant to paragraph II.e of appendix B to this portion.
27(h), the Board may possibly look at the following overall performance context information and facts into the extent more info that it is not regarded as Portion of the general performance assessments as presented in paragraph (a) of this area:
(2) A retail lending assessment spot may well not extend beyond a Point out boundary Except the retail lending assessment spot is made of counties inside a multistate MSA.
usually means any company that controls, is controlled by, or is underneath widespread Manage with Yet another firm. The expression “Management” has the meaning provided to that phrase in 12 U.