228 loan - An Overview
228 loan - An Overview
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(2) A home mortgage loan or perhaps a multifamily loan is found inside the census tract where the home securing the loan is situated; and
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means, notwithstanding the definition of “smaller farm” On this segment, a loan A part of “loans to little farms” as claimed in Agenda RC-C of the decision Report.
(ii) Greater than 50 p.c with the venture is non-household as measured by The proportion of complete square footage or greenback volume of the task.
means a staffed banking facility, no matter if shared or unshared, the Board authorised or licensed for a branch and that's open to, and accepts deposits from, the general public.
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Pursuant to § 228.28 and appendix D to this component, the Board incorporates a financial institution's Retail Lending Take a look at conclusions into its State or multistate MSA ratings, as applicable, and its institution ranking.
The Board considers the weighted common of the functionality scores equivalent to the lender's Community check here Advancement Funding Examination conclusions for its facility-based assessment areas in the multistate MSA, calculated pursuant to segment IV of appendix B to this aspect.
(5) If the Retail Lending Exam advised summary would not precisely replicate the bank's general performance inside a Retail Lending Examination Region where a number of of the bank's significant product or service strains consists of fewer than thirty loans;
The Board considers the availability of remote services amenities in the subsequent geographic parts:
If a financial institution set up once-a-year measurable plans and would not meet up with one or more of its satisfactory ambitions, the Board will take into account the following components to determine the impact on a financial institution's CRA effectiveness evaluation:
(B) The Board establishes that evaluation under the plan wouldn't provide a more meaningful reflection on the financial institution's record of assisting to satisfy the credit demands with the financial institution's community;
b of appendix A to this component for facility-based evaluation regions and retail lending assessment spots, and paragraph IV.d of appendix A to this section for outdoor retail lending locations; and
To get a designation to be a constrained purpose financial institution, a lender will have to file a composed ask for Along with the Board at the very least ninety days prior to the proposed powerful day in the designation.