The 2-Minute Rule for 228 loan
The 2-Minute Rule for 228 loan
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(six) A map of each facility-dependent evaluation area and, as relevant, Every single retail lending assessment location displaying the boundaries of the area and determining the census tracts contained in the area, possibly about the map or within a different record; and
) The volume of checking and personal savings accounts opened digitally and through other shipping and delivery programs by census tract revenue amount for every calendar 12 months; and
(i) The retail lending demands of its facility-centered assessment locations, retail lending assessment spots, and outdoors retail lending location which have been covered via the program. A financial institution that originates or buys loans in a product line evaluated pursuant into the Retail Lending Test in § 228.
(ix) An indicator for whether the loan was to a company or farm with gross annual revenues better than $1 million; and
(ii) While in the prior two calendar yrs, the bank originated or purchased outdoors the bank's facility-primarily based evaluation regions a lot more than 50 percent of your bank's property house loan loans, multifamily loans, little business enterprise loans, little farm loans, and vehicle loans if vehicle loans are an item line for your financial institution, as described in paragraph II.a.2 of appendix A to this part.
Pursuant to § 228.28 and appendix D to this part, the Board incorporates a bank's Retail Lending Test conclusions into its Point out or multistate MSA ratings, as applicable, and its establishment score.
(ii) Consistent with paragraph (g) of the segment, a lender's strategy may include things like optional evaluation parts or eligible modifications and additions to the general performance assessments that may implement inside the absence of the accepted prepare.
In assigning Retail Lending Exam conclusions for the Condition pursuant to § 228.22(h), the Board isn't going to take into account a lender's functions for being in the Condition if These activities happen in a retail lending assessment spot consisting of counties in more than one Point out.
Pursuant to § 228.28 and paragraph file of appendix D to this component, the Board incorporates the conclusions of a financial institution evaluated under an authorised program into its State or multistate MSA ratings, as relevant, and its institution score, accounting for paragraph g.two of appendix D to this portion, as relevant.
The Board considers the loans, investments, products and services, and solutions of affiliates of a lender that are not operations subsidiaries, within the financial institution's possibility, subject matter to the next:
Any facility-centered evaluation area, retail lending evaluation spot, exterior retail lending area, or other geographic spot that would be evaluated in the absence of an authorised strategy, here but is just not included in an authorised prepare, will probably be evaluated pursuant for the functionality checks that might implement from the absence of an authorised prepare.
Upon ask for, a financial institution need to give copies, either on paper or in electronic kind satisfactory to the individual generating the request, of the data in its public file. The financial institution may possibly charge an affordable payment never to exceed the cost of copying and mailing (Otherwise offered in digital form).
(3) The bank may not claim Neighborhood growth loans or Neighborhood growth investments accounting for greater than its share share (depending on the level of its participation or financial investment) of the entire loans or investments created by the consortium or third party.