228 loan - An Overview
228 loan - An Overview
Blog Article
The Board testimonials the impact and responsiveness in the financial institution's community advancement loans and Neighborhood growth investments that reward or serve a State, as presented in § 228.15.
The Board considers Group development loans and community progress investments allocated pursuant to paragraph I.b of appendix B to this component.
The Board considers Local community improvement loans and Neighborhood progress investments allotted pursuant to paragraph I.b of appendix B to this section.
The inclusion of the affiliate's loans, investments, expert services, and solutions within a bank's system, or in the joint approach of affiliated depository establishments, is matter to the subsequent:
The Board may perhaps approve a system right after taking into consideration the criteria in paragraph (h)(3) of the part and if it determines the bank has delivered suitable justification with the prepare and each element of the plan as necessary in paragraph (d) of this area.
Pursuant to 12 U.S.C. 2906, the Board supplies conclusions derived less than this section independently for metropolitan regions in which a lender maintains a number of domestic branch offices and for the nonmetropolitan region of a Point out if a bank maintains one or more domestic department workplaces in these kinds of nonmetropolitan place.
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The Retail Lending Examination evaluates a lender's report of helping to meet up with the credit demands of its full get more info Local community through the financial institution's origination and purchase of car loans if the bank is often a majority auto lender.
usually means a lender, excluding a financial institution specified as being a limited function lender pursuant to § 228.26, that had property of not less than $two billion as of December 31 in both equally of your prior two calendar yrs. The Board adjusts and publishes the figure In this particular definition on a yearly basis, according to the calendar year-to-12 months transform in the typical of The customer Rate Index for Urban Wage Earners and Clerical Workers, not seasonally altered, for every 12-thirty day period interval ending in November, with rounding to the closest million.
An Modification to a approach have to comply with all applicable requirements of the section, Unless of course the Board waives a necessity as not relevant.
(A) A duplicate of the general public area in the financial institution's newest CRA functionality evaluation and a listing of solutions furnished by the branch; and
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(B) A substantial bank may perhaps modify the Retail Providers and Solutions Check by removing a part from the examination.
has the exact same indicating as that phrase is described because of the Director with the Office of Administration and Price range.