228 loan - An Overview
228 loan - An Overview
Blog Article
The Board evaluations the impression and responsiveness on the financial institution's Group progress loans and Neighborhood development investments that advantage or serve the nationwide space, as delivered in § 228.fifteen.
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The inclusion of an affiliate's loans, investments, providers, and products and solutions inside a lender's approach, or inside a joint system of affiliated depository institutions, is subject to the following:
The Board considers facts supplied by the financial institution and could consider publicly accessible information and knowledge supplied by federal government or Neighborhood resources that demonstrates that a Neighborhood enhancement company Rewards or serves a facility-dependent assessment area, Point out, or multistate MSA, or perhaps the nationwide region.
The Board considers the branch availability and expert services offered at branches of banks that function a number of branches pursuant to paragraph (b)(2) of this segment.
Remarks or questions on doc articles cannot be answered by OFR staff. You should usually do not present private info or personal knowledge.
The loans, investments, expert services, and solutions of the financial institution's operations subsidiary has to be included in the lender's strategy, Except if the operations subsidiary is independently subject to CRA necessities.
) The exceptional harmony of the Group enhancement loan originated, acquired, refinanced, or renewed in previous a long time or Neighborhood progress expenditure created or renewed in prior yrs, as of December 31 for each and every year which the loan or investment decision continues to be to the lender's balance sheet; or
(five) Whether or not the Retail Lending Exam recommended summary will not precisely click here reflect the financial institution's general performance in a very Retail Lending Examination Space where a number of in the bank's important products lines consists of less than thirty loans;
(B) A financial institution other than a substantial financial institution may possibly include a Group advancement products and services component and accompanying yearly measurable plans in its program.
signifies a loan, like a lawfully binding determination to increase credit score, like a standby letter of credit history, that supports Local community advancement, as explained in § 228.thirteen. A Local community development loan does not include any home mortgage loan loan regarded as beneath the Retail Lending Test in § 228.
Pursuant to § 228.28 and appendix C to this portion, the Board assigns conclusions for the financial institution's Neighborhood Improvement Solutions Examination efficiency in Each individual facility-centered assessment area, each Point out or multistate MSA, as applicable, and for the establishment.
(B) The extent to which the program has adequately justified the need for any prepare and each facet of the plan as demanded in paragraph (d) of the part.