Not known Details About 228 loan
Not known Details About 228 loan
Blog Article
(one) Info indicating that a financial institution acquired closed-finish property house loan loans, compact small business loans, little farm loans, or vehicle loans for the sole or Most important goal of inappropriately maximizing its retail lending performance, including, although not restricted to, data indicating subsequent resale of these loans or any sign that this sort of loans have already been deemed in a number of depository establishments' CRA evaluations, through which situation the Board does not take into account this sort of loans while in the financial institution's effectiveness analysis;
(1) A nonmetropolitan Center-income census tract is selected as distressed if it is inside of a county that fulfills a number of of the next requirements:
The Board considers community improvement loans and Local community development investments allotted pursuant to paragraph I.b of appendix B to this component.
(one) A client loan is located within the census tract where by the borrower resides at the time the borrower submits the loan software;
A lender topic to knowledge reporting demands pursuant to § 228.forty two must include things like in its community file a composed detect the CRA Disclosure Statement pertaining towards the bank, its operations subsidiaries, and its other affiliates, if applicable, could possibly be acquired over the FFIEC's website at:
In considering CRA overall performance within an software described in paragraph (a) of this portion, the Board normally takes under consideration any views expressed by fascinated parties which might be submitted in accordance With all the Board's Regulations of Process set forth in twelve CFR part 262.
Comments or questions about document written content cannot be answered by OFR workers. Make sure you will not deliver private details or personal facts.
This contact type is just for website aid or Web-site tips. In case you have thoughts website or comments concerning a published document make sure you Speak to the publishing agency.
The dollar volume with the minimal reason financial institution's Group growth loans and Neighborhood progress investments that benefit or serve the Point out or multistate MSA and an evaluation of your influence and responsiveness of People loans and investments, as delivered in § 228.fifteen.
(i) All the data required with the financial institution's general public file have to be managed at the main Place of work and, if an interstate bank, at a person branch office in Just about every Point out; and
The Board evaluates the document of the intermediate lender, or a little financial institution that opts being evaluated beneath the Retail Lending Exam, of assisting to meet up with the credit score wants of its whole Group in its outside the house retail lending place pursuant to § 228.22, for a certain calendar year, if:
For home mortgage loans, the financial institution need to discover the home home loan loans claimed by its operations subsidiary less than 12 CFR component 1003, if relevant, or collect and preserve information on home home finance loan loans by its operations subsidiary the bank might have gathered and maintained pursuant to paragraph (a)(three) of the area had the lender originated or procured the loans.
(B) Any counties where the massive bank did not originate any shut-close house home finance loan loans or compact business loans that happen to be claimed loans all through that calendar yr.
The Bank Multistate MSA Community Enhancement Funding Metric measures the greenback quantity of the bank's Local community growth loans and community enhancement investments that reward or serve a multistate MSA compared to deposits during the bank situated in the multistate MSA, calculated pursuant to paragraph II.g of appendix B to this element.