228 loan - An Overview
228 loan - An Overview
Blog Article
The Board evaluates a small bank's history of helping to satisfy the credit wants of its whole Local community pursuant towards the Little Financial institution Lending Exam as provided in paragraph (a)(two) of the section, Until the compact financial institution opts to get evaluated pursuant into the Retail Lending Test in § 228.22.
(1) Consideration of the dollar quantity in the constrained objective bank's Neighborhood progress loans and Neighborhood development investments that advantage or serve the power-based mostly evaluation place; and
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(iii) An inventory demonstrating Every single census tract wherein the lender documented a small enterprise loan or a little farm loan;
(v) To acquire possession or control of shares or all or significantly all the property of the savings association, to induce a personal savings association to be a subsidiary of the savings and loan holding enterprise, or to merge or consolidate a price savings and loan Keeping organization with some other personal savings and loan Keeping business within a transaction that requires approval underneath segment 10 of the Home Entrepreneurs' Loan Act (twelve U.S.C. 1467a).
The Board makes use of the facility-based mostly assessment parts delineated by a bank in its analysis with the bank's CRA overall performance Except the Board determines that the ability-based evaluation parts never adjust to the necessities of the section.
Right before distributing a draft want to the Board for approval pursuant to paragraph (h) of this portion, a financial institution must:
(ii) In step with paragraph (g) of this part, a financial institution's plan may involve optional evaluation parts or qualified 228 loan modifications and additions to your functionality tests that could utilize during the absence of an authorised prepare.
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Pursuant to § 228.28 and paragraph f of appendix D to this element, the Board incorporates the conclusions of the lender evaluated under an accredited prepare into its Point out or multistate MSA scores, as applicable, and its establishment rating, accounting for paragraph g.2 of appendix D to this element, as applicable.
The Board considers the loans, investments, companies, and goods of affiliate marketers of a financial institution that are not functions subsidiaries, on the lender's alternative, issue to the following:
The Multistate MSA Group Progress Financing Benchmark steps the dollar volume of Group growth loans and Group advancement investments that gain or serve a multistate MSA for all significant depository institutions compared to deposits situated in the multistate MSA for all large depository institutions, calculated pursuant to paragraph II.h of appendix B to this aspect.
Pursuant to § 228.28 and appendix C to this aspect, the Board assigns conclusions for just a lender's Community Improvement Solutions Check overall performance in Every facility-centered evaluation spot, Every single State or multistate MSA, as relevant, and for the establishment.
The Lender Multistate MSA Local community Advancement Funding Metric actions the greenback volume of the financial institution's community progress loans and Neighborhood enhancement investments that reward or provide a multistate MSA when compared to deposits while in the bank located in the multistate MSA, calculated pursuant to paragraph II.g of appendix B to this section.