228 loan - An Overview
228 loan - An Overview
Blog Article
The Board may well alter a small financial institution rating from “Satisfactory” to “Outstanding” for the establishment amount where by the financial institution requests and receives added consideration for activities that may qualify pursuant to the Retail Companies and Merchandise Test in § 228.
Upon request, a financial institution will have to provide copies, either on paper or in electronic sort acceptable to the individual generating the ask for, of the information in its public file. The lender may possibly demand a reasonable fee never to exceed the price of copying and mailing (Otherwise supplied in digital kind).
The Board considers Group improvement loans and Group advancement investments allotted pursuant to paragraph I.b of appendix B to this element.
The Board may look at a financial institution's Group growth loans, Group advancement investments, and Local community enhancement solutions furnished beyond its facility-centered evaluation regions, as presented In this particular portion.
implies, notwithstanding the definition of “smaller enterprise” Within this portion, a loan included in “loans to tiny enterprises” as reported in Schedule RC-C of the Call Report.
To build supporting conclusions for borrower distributions of shut-stop home house loan loans, modest company loans, and modest farm loans, the Board evaluates the bank's effectiveness by comparing the Borrower Financial institution Metric to performance ranges, depending on the Borrower Sector Benchmark, Borrower Community Benchmark, and multipliers, as explained in paragraphs V.d and V.e of appendix A to this element.
(six) A lender's shut-conclude property mortgage loan lending, modest small business lending, smaller farm lending, or automobile lending in distressed or underserved nonmetropolitan middle-money census tracts exactly where a financial institution's nonmetropolitan facility-dependent assessment region or nonmetropolitan retail lending assessment place features not many or no minimal- and reasonable-earnings census tracts; and
Pursuant to § 228.21, the Local community Enhancement Funding Take a look at evaluates the lender's history of assisting to fulfill the credit rating desires of its entire community by means of Group improvement loans and community development investments (
(B) Inside five calendar days in the request, all the data that the bank is needed to keep up under this area in the public file regarding the power-dependent evaluation space by which the branch is situated.
(ii) Once the financial institution has designed its First draft approach, formally solicit general public comment on the Preliminary draft prepare for a minimum of 60 days by:
(5) Are offered to pupils or their families by way of a faculty at which nearly all of college students qualify for free or diminished-price meals under the U.S. Office of Agriculture's National College Lunch Method;
(4) The selection and dollar volume of Local community improvement loans and Local community development investments noted as originated or acquired within Every facility-based evaluation region, Just about every Point out by which the lender incorporates a department, Each individual multistate MSA in which a bank includes a branch in two or even more States of the multistate MSA, and nationwide region beyond these States and multistate MSAs.
(B) Any website counties by which the big lender didn't originate any shut-end residence home loan loans or modest business enterprise loans which are noted loans for the duration of that calendar 12 months.
(B) The extent to which the approach has adequately justified the necessity for just a approach and every facet of the program as essential in paragraph (d) of this segment.