228 loan Options
228 loan Options
Blog Article
The Board may well change a small bank rating from “Satisfactory” to “Fantastic” with the institution amount the place the bank requests and gets further thing to consider for actions that may qualify pursuant on the Retail Solutions and Merchandise Test in § 228.
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This part implements the need in the CRA the Board evaluate a lender's report of assisting to satisfy the credit score wants of the regional communities wherein the bank is chartered, consistent with the safe and sound Procedure of your bank, and to just take this document into consideration while in the agency's evaluation of an application for just a deposit facility via the bank. Accordingly, this part:
(B) The Board evaluates the compact lender for the analysis time period previous the financial institution's next CRA evaluation pursuant on the Retail Lending Take a look at in § 228.22 and continues evaluations less than this overall performance exam for subsequent evaluation intervals right up until the lender opts out.
The Board evaluates a navy financial institution pursuant towards the relevant performance assessments explained in paragraph (a) of this area.
The Board considers the branch availability and products and services supplied at branches of banks that run a number of branches pursuant to paragraph (b)(2) of the section.
(six) A lender's closed-conclude dwelling property finance loan lending, modest organization lending, compact farm lending, or auto lending in distressed or underserved nonmetropolitan middle-profits census tracts where by a lender's nonmetropolitan facility-centered assessment region or nonmetropolitan retail lending evaluation spot incorporates hardly any or no small- and average-profits census tracts; and
Pursuant to § 228.21, the Local community Improvement Financing Examination evaluates the lender's record of assisting to meet up with the credit history demands of its full community through community improvement loans and Neighborhood growth investments (
A bank or savings Affiliation's report of effectiveness will be the foundation for denying or conditioning acceptance of the application listed in paragraph (a) of this segment.
) The selection of retail here banking expert services and retail banking merchandise offered by means of electronic supply systems and other shipping and delivery programs; and
) The amount of examining and discounts accounts opened digitally and through other supply techniques which can be Lively at the end of each calendar yr by census tract earnings stage for every calendar year.
Other than as usually provided Within this segment, a bank have to ensure that its general public file contains the data required by this part for each in the earlier three calendar years, with The newest calendar calendar year A part of its file yearly by April 1 of the present calendar yr.
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A significant lender have to gather and maintain in Digital sort, as prescribed with the Board, right up until completion in the lender's upcoming CRA evaluation in which the info are evaluated, the subsequent facts with respect to retail banking solutions and retail banking products and solutions made available and provided by the lender in the course of each calendar 12 months: