228 loan Options
228 loan Options
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(one) Details indicating that a financial institution purchased closed-finish dwelling home loan loans, modest enterprise loans, small farm loans, or car loans for the only or Main goal of inappropriately enhancing its retail lending functionality, such as, although not restricted to, data indicating subsequent resale of these types of loans or any indicator that these types of loans have already been deemed in a number of depository institutions' CRA evaluations, by which case the Board would not consider these kinds of loans while in the bank's efficiency analysis;
A lender have to make available to the general public for inspection, upon request and without charge, the information expected In this particular area as follows:
(ii) If a considerable bank is no longer necessary to delineate a retail lending evaluation area Formerly discovered from the strategy due to not Assembly the required retail lending evaluation spot thresholds pursuant to § 228.
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A financial institution topic to details reporting demands pursuant to § 228.forty two need to consist of in its community file a published discover which the CRA Disclosure Assertion pertaining into the lender, its functions subsidiaries, and its other affiliate marketers, if relevant, may very well be attained over the FFIEC's Internet site at:
Pursuant to 12 U.S.C. 2906, the Board gives conclusions derived under this section separately for metropolitan areas wherein a bank maintains a number of domestic branch offices and for the nonmetropolitan region of the Condition if a bank maintains one or more domestic department places of work in these nonmetropolitan place.
The Board weights the financial institution's overall performance rating for your general performance tests applicable to an intermediate bank as follows:
Revitalization or stabilization comprises actions that help revitalization or stabilization of qualified census tracts, like adaptive reuse of vacant or blighted buildings, brownfield redevelopment, support of a approach for a business enhancement district or principal Avenue plan, or almost every other action that supports revitalization or stabilization, and that:
indicates a bank, excluding a financial institution designated being a constrained function bank pursuant to § 228.26, that had belongings of a minimum of $2 billion as of December 31 in the two with the prior two calendar yrs. The Board adjusts and publishes the determine In this particular definition each year, based on the calendar year-to-year alter in the average of The patron Price tag Index for City Wage Earners and Clerical Employees, not seasonally adjusted, for every twelve-month interval ending in November, with rounding to the nearest million.
(five) If the Retail Lending Exam recommended summary won't properly replicate the lender's performance inside of a Retail Lending Take a look at Area wherein a number of with the bank's major products lines consists of much less than thirty loans;
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(B) The Nationwide Asset-Primarily based Group Advancement Investment decision Benchmark measures the dollar volume of Group advancement investments that profit or serve all or part of the nationwide spot, excluding home loan-backed securities, of all depository establishments that experienced belongings larger than $ten billion as of December 31 in both on the prior two calendar yrs, in comparison with assets for anyone depository institutions, calculated pursuant to paragraph III.e of appendix B to this portion.
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(x) An indicator for whether or not the loan was to a business or farm for which gross yearly revenues are certainly not recognised by the lender.