228 loan - An Overview
228 loan - An Overview
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Before distributing a draft want to the Board for approval pursuant to paragraph (h) of the segment, a lender must:
(B) For giant financial institutions that had property less than or equivalent to $10 billion as of December 31 in possibly with the prior two calendar years, the Board considers a lender's deposit goods only with the lender's selection.
) of the portion, a lender may provide different weights for averaging together the general performance across these loan merchandise and may contain those loan products from the numerator from the Bank Volume Metric.
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Pursuant to § 228.28 and appendix D to this part, the Board incorporates a bank's Retail Lending Examination conclusions into its Point out or multistate MSA rankings, as applicable, and its institution rating.
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Pursuant to § 228.21, the Community Advancement Financing Examination evaluates the financial institution's report of assisting to meet the credit requirements of its complete Neighborhood by way of Local community progress loans and Local community progress investments (
implies a lender that is not from the enterprise of extending shut-finish household mortgage loan loans, compact organization loans, compact farm loans, or car loans evaluated underneath § 228.
For each main products line, a Geographic Community Benchmark, calculated pursuant to paragraph III.c of appendix A to this element for facility-based evaluation spots and retail lending assessment regions, and paragraph III.e of appendix A to this component for out of doors retail lending locations.
(seven) Info indicating the credit history requirements of the ability-dependent evaluation region or retail lending assessment spot are usually not becoming satisfied click here by lenders from the combination, such that the pertinent benchmarks will not sufficiently mirror Local community credit history needs.
(B) The Board evaluates the little lender for your analysis period preceding the lender's up coming CRA assessment pursuant for the Retail Lending Exam in § 228.22 and continues evaluations underneath this efficiency take a look at for subsequent evaluation intervals right until the bank opts out.
For every major merchandise line, a Geographic Group Benchmark, calculated pursuant to paragraph III.c of appendix A to this component for facility-dependent evaluation areas and retail lending assessment regions, and paragraph III.e of appendix A to this section for outside retail lending places.