5 Essential Elements For 228 loan
5 Essential Elements For 228 loan
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The Board considers the weighted common with the overall performance scores corresponding to the financial institution's conclusions for that Group Growth Financing Take a look at for its facility-dependent evaluation areas throughout the nationwide spot, calculated pursuant to segment IV of appendix B to this aspect.
The Board considers Local community growth loans and community progress investments allocated pursuant to paragraph I.b of appendix B to this component.
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(3) The financial institution may well not assert community development loans or Group development investments accounting for in excess of its share share (according to the level of its participation or financial commitment) of the total loans or investments created by the consortium or third party.
If a financial institution opts to generally be evaluated pursuant towards the Retail Lending Take a look at, the Board assigns conclusions with the lender's Retail Lending Examination overall performance as presented in appendix C to this aspect. In assigning conclusions for a little lender, the Board might take into account general performance context information and facts as provided in § 228.21(d).
The Board evaluates a little lender's document of assisting to meet up with the credit desires of its whole Local community pursuant to the Smaller Lender Lending Check as presented in paragraph (a)(2) of the portion, Unless of course the tiny financial institution opts to generally be evaluated pursuant towards the Retail Lending Examination in § 228.22.
(one) A consumer loan is located in the census tract wherever the borrower resides at the time that the borrower submits the loan application;
signifies a bank's loans in one of the following, individual classes in a certain Retail Lending Check Area:
When implementing overall performance checks and strategic plans pursuant to paragraph (a) of this segment, and when determining irrespective of whether to approve click here a strategic system pursuant to § 228.
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27(h), the Board could think about the subsequent general performance context information and facts on the extent that it's not considered as Section of the overall performance assessments as supplied in paragraph (a) of the portion:
A bank will have to delineate one or more facility-based mostly assessment locations in just which the Board evaluates the bank's document of helping to meet the credit score requirements of its overall Neighborhood pursuant to the effectiveness tests and strategic prepare described in § 228.21.
(five) Details and information provided by the bank regarding the bank's enterprise tactic and product offerings;