About 228 loan
About 228 loan
Blog Article
(i) The retail lending needs of its facility-primarily based assessment areas, retail lending evaluation areas, and outside retail lending location which have been covered via the plan. A bank that originates or purchases loans in an item line evaluated pursuant to your Retail Lending Test in § 228.
(2) A considerable financial institution isn't needed to delineate retail lending assessment locations for a certain calendar 12 months if, within the prior two calendar decades, the big bank originated or ordered in its facility-based assessment parts greater than eighty p.c of its home home loan loans, multifamily loans, small small business loans, small farm loans, and automobile loans if car loans are a product line for the big financial institution as explained in paragraph II.a.1 of appendix A to this section.
The Board considers community growth loans and community growth investments allotted pursuant to paragraph I.b of appendix B to this element.
(ii) Much more than 50 per cent of the task is non-residential as measured by The share of complete square footage or greenback level of the challenge.
(six) A bank's shut-finish dwelling house loan lending, little business enterprise lending, modest farm lending, or auto lending in distressed or underserved nonmetropolitan middle-profits census tracts exactly where a financial institution's nonmetropolitan facility-based assessment place or nonmetropolitan retail lending evaluation location includes only a few or no very low- and average-earnings census tracts; and
(3) Positive aspects or serves a number of geographic spots with low levels of community advancement financing;
Dwelling renovation jobs might be costly, from upgrading pricey appliances to putting in Strength-efficient windows to upgrading a plumbing system or embarking on substantial structural repairs.
The loans, investments, products and services, and solutions of the financial institution's operations subsidiary must be A part of the bank's system, Except if the operations subsidiary is independently topic to CRA specifications.
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The Board considers the availability of distant assistance services in the following geographic regions:
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The Board critiques the impression and responsiveness of your bank's community advancement loans and Local community enhancement investments that benefit or serve a multistate MSA, as supplied in § 228.15.
For each big product line, a Geographic Neighborhood Benchmark, calculated pursuant to paragraph III.c of appendix A to this section for facility-primarily based assessment parts and retail lending evaluation spots, and paragraph III.e of appendix A to this aspect for out of doors retail lending areas.