228 loan - An Overview
228 loan - An Overview
Blog Article
(4) Every other evidence demonstrating the lender's Neighborhood enhancement solutions are responsive to community growth desires, such as the quantity of minimal- and moderate-money folks that happen to be individuals, or quantity of corporations served; and
(E) The bank fails to provide details requested through the Board that is definitely essential for the Board to create an knowledgeable choice.
suggests, notwithstanding the definition of “modest farm” During this area, a loan A part of “loans to small farms” as described in Plan RC-C of the decision Report.
(i) The retail lending requirements of its facility-based mostly assessment locations, retail lending assessment areas, and out of doors retail lending area which are covered because of the approach. A financial institution that originates or purchases loans in a product line evaluated pursuant into the Retail Lending Test in § 228.
The Board considers information furnished by the financial institution and could think about publicly readily available information and facts and knowledge supplied by governing administration or Local community resources that demonstrates that a Group improvement company Gains or serves a facility-dependent assessment spot, Condition, or multistate MSA, or perhaps the nationwide area.
The Board evaluates a sizable lender's record of assisting to fulfill the credit rating requirements of its whole Group in its outdoors retail lending spot pursuant to § 228.
(B) The performance on the bank's methods for delivering retail banking products and services and the availability and responsiveness with the financial institution's retail banking goods, pursuant to § 228.23, as relevant;
Revitalization or stabilization comprises functions that support revitalization or stabilization of targeted census tracts, which include adaptive reuse of vacant or blighted properties, brownfield redevelopment, help of the program for a company enhancement district or principal Avenue plan, or almost every other activity that supports revitalization or stabilization, Which:
The Board evaluates a lender's community improvement solutions effectiveness in a very Point out or multistate MSA, as applicable, or nationwide spot, and assigns a summary for those parts, based upon the next two elements:
) The range of retail banking companies and retail banking items available via digital shipping programs as well as other shipping units; and
모바일 웹 브라우저(크롬, 사파리 등)에서 ""을 주소창에 입력하면 네이버 모바일 웹 페이지로 이동합니다.
) of this section in the same calendar yr, of a Neighborhood growth loan check here refinanced or renewed in a very calendar year subsequent to the yr of origination or obtain, as of December 31 on the calendar yr for each and every year the loan stays over the lender's harmony sheet; or an current Neighborhood advancement expense renewed inside a year subsequent to the calendar year the financial investment was built as of December 31 for on a yearly basis which the financial commitment stays within the bank's equilibrium sheet.
Projects to revitalize or stabilize a focused census tract that include equally business and household factors qualify as revitalization or stabilization routines underneath this paragraph (e)(two), if:
The Board considers the loans, expense, solutions, and goods of the lender's operations subsidiaries beneath this portion, Except if an operations subsidiary is independently subject to the CRA.