228 loan - An Overview
228 loan - An Overview
Blog Article
usually means an organization made to provide, in influence, as a individually included Office from the bank, performing, at places at which the financial institution is licensed to engage in company, capabilities the financial institution is empowered to conduct right.
A lender have to make available to the public for inspection, upon ask for and for gratis, the knowledge expected During this area as follows:
The Board considers Group development loans and Local community development investments allocated pursuant to paragraph I.b of appendix B to this aspect.
(i) The retail lending needs of its facility-centered evaluation regions, retail lending assessment locations, and out of doors retail lending place which are included via the approach. A bank that originates or buys loans in a product line evaluated pursuant towards the Retail Lending Test in § 228.
(two) A nonmetropolitan Center-earnings census tract is specified as underserved if it fulfills the factors for inhabitants sizing, density, and dispersion that suggest the region's inhabitants is sufficiently small, skinny, and distant from the population Heart that the census tract is probably going to own trouble financing the fastened costs of Assembly vital Group requires.
The in-site Desk of Contents is on the market only when numerous sections are increasingly being considered. Utilize the navigation links in The grey bar above to watch the desk of contents this written content belongs to.
Reviews or questions about doc content can't be answered by OFR staff. You should do not present private information and facts or own information.
A large lender must collect and preserve in Digital sort, as prescribed with the Board, till the completion of your bank's following CRA assessment through which the information are evaluated, the next facts for every small enterprise loan or compact farm loan originated or ordered with the financial institution during the evaluation interval:
The Board opinions the affect and responsiveness of your bank's community enhancement loans and Group enhancement investments that gain or serve a multistate MSA, as delivered in § 228.15.
During the term of the plan, a lender could request the Board to approve an amendment to the plan inside the absence of a cloth modify in conditions.
다양한 이웃과 소식을 만나보세요. 지금 시작해볼까요? 블로그 아이디 만들기 블로그 아이디 만들기 레이어 닫기
The Board evaluates a minimal intent bank's Neighborhood growth financing functionality in a facility-based evaluation area and assigns a summary in the power-centered evaluation space according to the Board's:
(i) Impedes its ability to carry out in a satisfactory level beneath the prepare, for example fiscal constraints a result of important functions that affect the regional or nationwide overall economy; or
A big lender ought to accumulate and keep in electronic variety, as prescribed with the Board, till completion of your financial institution's subsequent CRA assessment during which the data are evaluated, the next info with click here regard to retail banking providers and retail banking products made available and provided by the financial institution through Every calendar year: