Not known Details About 228 loan
Not known Details About 228 loan
Blog Article
A sizable financial institution must accumulate and sustain in electronic sort, as prescribed from the Board, right up until the completion in the financial institution's future CRA examination by which the data are evaluated, the subsequent details for every little business enterprise loan or smaller farm loan originated or procured through the bank in the course of the analysis interval:
A financial institution have to make available to the public for inspection, on ask for and for free of charge, the information required On this area as follows:
Apart from a little lender that opts to be evaluated pursuant for the Retail Lending Test in § 228.22, the Board assigns conclusions for your functionality of a little bank evaluated under this section as offered in appendix E to this portion.
(one) For banking institutions that sustain a website, all information and facts needed for that financial institution's general public file under this area has to be preserved over the bank's Web site.
The Board critiques the influence and responsiveness of a bank's Group enhancement loans and Group development investments that advantage or provide a facility-centered assessment spot, as furnished in § 228.fifteen.
Pursuant to 12 U.S.C. 2906, the Board delivers conclusions derived beneath this element separately for metropolitan places by which a lender maintains one or more domestic branch offices and with the nonmetropolitan place of the Point out if a lender maintains one or more domestic branch workplaces in these nonmetropolitan region.
Pursuant to § 228.28 and appendix D to this part, the Board incorporates a lender's Retail check here Lending Test conclusions into its Point out or multistate MSA rankings, as relevant, and its institution score.
(two) If your members or investors choose to allocate Local community advancement loans or Local community development investments amid themselves for consideration beneath this part, no participant or investor may possibly assert a loan origination, loan purchase, or expenditure for Neighborhood enhancement thing to consider if An additional participant or investor claims precisely the same loan origination, loan buy, or expenditure; and
implies a loan to a number of individuals for household, spouse and children, or other private expenses Which is among the following varieties of loans:
(i) All the knowledge demanded for your bank's general public file has to be preserved at the most crucial Place of work and, if an interstate lender, at a single branch Business office in Each individual Point out; and
The Board evaluates the history of the intermediate financial institution, or a small lender that opts to become evaluated beneath the Retail Lending Check, of helping to fulfill the credit rating wants of its whole Neighborhood in its outside retail lending space pursuant to § 228.22, for a certain calendar yr, if:
(B) For big banking institutions that experienced belongings a lot less than or equal to $10 billion as of December 31 in either on the prior two calendar years, the Board considers a financial institution's deposit goods only with the financial institution's possibility.
This contact type is just for Web page help or Site suggestions. For those who have queries or remarks pertaining to a broadcast doc you should Make contact with the publishing company.
(i) The entirety of an individual MSA (using the MSA boundaries which were in effect as of January one from the calendar calendar year during which the delineation applies), excluding any counties In the huge lender's facility-primarily based evaluation areas; or