About 228 loan
About 228 loan
Blog Article
The Board evaluations the affect and responsiveness on the lender's Local community progress loans and community improvement investments that reward or serve the nationwide location, as offered in § 228.15.
The Board considers community improvement loans and Neighborhood advancement investments allocated pursuant to paragraph I.b of appendix B to this part.
signifies the overall performance of volunteer providers by a bank's or its affiliate's board users or personnel, performed on behalf of your financial institution, where by Individuals services:
An intermediate financial institution or a little bank for which vehicle loans are a product line may obtain and preserve inside of a format of your lender's selecting, like within an electronic type prescribed from the Board, till the completion of the bank's following CRA examination wherein the data are evaluated, the information described in paragraphs (a)(2)(iii)(A) through (File) of the segment for each car loan originated or acquired via the bank over the evaluation interval.
The Board may perhaps approve a approach immediately after taking into consideration the standards in paragraph (h)(3) of the part and if it decides that the bank has furnished satisfactory justification with the approach and each aspect of the system as needed in paragraph (d) of the part.
The Board evaluates a big lender's file of assisting to fulfill the credit score requirements of its overall Local community in its outside the house retail lending area pursuant to § 228.
The Board's thought in the department distribution metrics is knowledgeable by the next benchmarks:
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A financial website institution may perhaps post more info to your Board on a confidential basis, even so the goals stated in the approach need to be adequately particular to permit the public as well as Board to judge the deserves from the program.
To get a designation for a restricted intent financial institution, a financial institution ought to file a written ask for While using the Board at least 90 times prior to the proposed successful day with the designation.
The Board considers the weighted normal with the overall performance scores akin to the bank's Local community Growth Companies Take a look at conclusions for its facility-primarily based evaluation spots inside a State, multistate MSA, or even the institution pursuant to part IV of appendix B to this section.
The Board considers The provision of remote support amenities in the following geographic places:
) The number of retail banking solutions and retail banking merchandise made available as a result of electronic supply systems along with other shipping and delivery methods; and