5 Simple Techniques For 228 loan
5 Simple Techniques For 228 loan
Blog Article
The Board critiques the impact and responsiveness with the bank's Local community improvement loans and community progress investments that benefit or provide a Condition, as supplied in § 228.15.
Pursuant to § 228.28 and appendix C to this part, the Board assigns conclusions for a bank's Retail Providers and Items Check functionality in Every single facility-based mostly assessment region, State and multistate MSA, as applicable, and for your establishment.
(one) Any details relating to a bank's institutional ability or constraints, such as the sizing and fiscal situation with the bank, security and soundness limits, or some other lender-certain elements that appreciably affect the financial institution's capacity to deliver retail lending, retail banking products and services and retail banking merchandise, Group advancement loans, community progress investments, or community advancement products and services;
The Workplace in the Federal Sign up publishes files on behalf of Federal organizations but does not have any authority about their programs. We suggest you instantly Speak to the company related to the content material in problem.
(A) The Board considers the electronic supply methods together with other shipping techniques of the next banking institutions:
(i) All the information expected to the financial institution's community file have to be preserved at the key office and, if an interstate financial institution, at one particular branch Workplace in Each and every State; and
The Nationwide Asset-Primarily based Community Development Financing Benchmark measures the greenback quantity of Neighborhood development loans and community enhancement investments that gain or provide all or Element of the nationwide location of all depository institutions that documented pursuant to § 228.
This Make contact with form is only for Site enable or website tips. If you have concerns or feedback pertaining to a printed doc be sure to Make contact with the publishing company.
(e) Facts on Neighborhood advancement loans and Neighborhood improvement investments by a consortium or a 3rd party.
(5) If the Retail Lending Check advisable conclusion will not accurately replicate the lender's performance in a Retail Lending Exam Space wherein a number of with the financial institution's main item strains contains less than 30 loans;
An intermediate bank or a little financial institution for which auto loans are an item line may well collect and retain in a very format in the bank's picking, such as within an Digital sort prescribed with the Board, right up until the completion on the lender's next CRA evaluation by which the data are evaluated, the information explained in paragraphs (a)(2)(iii)(A) via (File) of the segment for each automobile loan originated or procured because of the financial institution through the analysis period of time.
For residence mortgage loans, the lender must determine the home home loan loans reported by its functions subsidiary below twelve CFR part 1003, if relevant, or acquire and preserve details on property mortgage loan loans by its get more info functions subsidiary that the lender might have gathered and taken care of pursuant to paragraph (a)(three) of this area had the lender originated or bought the loans.
(i) Impedes its capability to perform in a satisfactory degree under the approach, for example monetary constraints due to significant activities that effect the area or nationwide overall economy; or
A financial institution will have to keep a general public file, in either paper or electronic format, that features the following facts: