228 loan - An Overview
228 loan - An Overview
Blog Article
The Board reviews the impact and responsiveness of your bank's Neighborhood enhancement loans and Group growth investments that advantage or serve the nationwide place, as provided in § 228.15.
The Board encourages interaction in between customers of the general public and banking companies, together with as a result of customers of the general public distributing written community opinions concerning Local community credit rating wants and opportunities in addition to a financial institution's document of helping to meet up with Local community credit demands.
) The number of checking and cost savings accounts opened digitally and through other delivery programs by census tract cash flow amount for every calendar calendar year; and
. Furthermore, if the Board considered the house house loan lending of a lender's operations subsidiaries or, in a lender's election, the Board regarded the home home finance loan lending of other bank affiliates, the lender need to involve in its public file the names of the functions subsidiaries as well as names in the affiliate marketers along with a created observe the functions subsidiaries' as well as other affiliates' HMDA Disclosure Statements could possibly be attained for the CFPB's website.
(D) A bank aside from a significant bank could incorporate retail banking expert services or retail banking products component(s) and accompanying yearly measurable targets in its program.
The in-website page Desk of Contents is on the market only when many sections are being seen. Use the navigation one-way links in The grey bar over to watch the table of contents that this written content belongs to.
Our support only matches you which has a lender – we are not knowledgeable of your conditions in the loan presented for you. If You're not snug Using the loan conditions you're beneath no obligation to move ahead While using the lender.
) A bank may possibly use alternate weights for combining click here the borrower and geographic distribution analyses for key products line(s) or other loan products and solutions.
The Board assigns conclusions to a significant financial institution's or restricted intent bank's effectiveness about the applicable checks explained in paragraph (a) of the portion pursuant to § 228.28 and appendix C to this section. The Board assigns conclusions to a small lender's or intermediate bank's effectiveness about the relevant tests described in paragraph (a) of the portion pursuant to § 228.
When you have queries for the Company that issued The present doc be sure to Call the company immediately.
The Board considers the loans, investments, solutions, and products and solutions of affiliate marketers of the financial institution that aren't operations subsidiaries, within the bank's possibility, matter to the next:
The Board evaluates a confined function bank's Neighborhood improvement financing functionality within a facility-centered evaluation space and assigns a summary in the power-dependent assessment location according to the Board's:
(ii) The Board considers an intermediate lender's Group advancement loans, Local community progress investments, and community enhancement services with no regard to whether the exercise is produced in one or more from the bank's facility-primarily based evaluation spots. The extent of your Board's thought of Neighborhood progress loans, Neighborhood growth investments, and Neighborhood progress products and services outside of the bank's facility-based assessment locations will rely on the adequacy in the lender's responsiveness to community improvement needs and chances within the bank's facility-primarily based evaluation locations and applicable overall performance context information and facts.
The Board evaluates a confined goal lender's Group advancement funding performance inside the nationwide space, pursuant to § 228.19, and assigns a conclusion for your institution depending on the Board's thought of the subsequent two elements: