228 loan - An Overview
228 loan - An Overview
Blog Article
For every census tract through which the lender originated or obtained a small organization loan or modest farm loan, the financial institution must report the combination variety and dollar amount of little enterprise loans and little farm loans:
(E) The lender fails to supply facts asked for through the Board that may be essential for the Board to create an knowledgeable conclusion.
implies retail economical solutions supplied by a bank to people, little enterprises, or smaller farms and involve a financial institution's programs for delivering retail monetary solutions.
The Board publishes on its public Web page, a minimum of 30 days upfront of the beginning of each calendar quarter, an index of banking institutions scheduled for CRA examinations for another two quarters.
The Board critiques the influence and responsiveness of a bank's Group development loans and Group progress investments that gain or serve a facility-centered evaluation space, as furnished in § 228.15.
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(D) A small financial institution may possibly consist of a Local community development loan or community progress investment decision ingredient and accompanying yearly measurable targets in its approach.
For a sizable lender required to report dwelling house loan loan data pursuant to 12 CFR component 1003, the Board will publish within the Board's Web page the information necessary by paragraph (j)(two) of this section in regards to the distribution of a big lender's originations and applications of property home loan loans by borrower or applicant revenue stage, race, and ethnicity in each on the lender's facility-based mostly evaluation regions, and as relevant, its retail lending evaluation areas. This data is released annually dependant on info noted pursuant to twelve CFR part 1003.
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) The array of retail banking products and services and retail banking goods presented by means of electronic shipping and delivery devices and various shipping and delivery devices; and
The Board evaluates a lender's distant provider facility availability in a very facility-dependent assessment region determined by the next:
(B) For large banking institutions that had property a lot less than or equivalent to $10 billion as of December 31 in either from the prior two calendar years, the Board considers a lender's deposit items only with the lender's possibility.
(ii) The Board considers an intermediate bank's Neighborhood enhancement loans, community improvement investments, and community development services with no regard to whether or not the activity is manufactured in one or more of check here the lender's facility-based assessment regions. The extent of the Board's thought of Neighborhood improvement loans, Group improvement investments, and Neighborhood growth companies outside of the financial institution's facility-dependent evaluation places will rely upon the adequacy on the bank's responsiveness to Group development requires and options in the financial institution's facility-dependent assessment spots and relevant general performance context information and facts.
A financial institution necessary to report household mortgage loan info pursuant to 12 CFR element 1003 need to include in its public file a published notice that the financial institution's HMDA Disclosure Assertion may be received on The customer Economical Defense Bureau's (CFPB's) website at: