The 2-Minute Rule for 228 loan
The 2-Minute Rule for 228 loan
Blog Article
The Board might alter a little lender ranking from “Satisfactory” to “Superb” in the establishment degree wherever the bank requests and gets supplemental consideration for pursuits that might qualify pursuant on the Retail Services and Goods Test in § 228.
(ii) The retail banking expert services and retail banking items desires of its facility-primarily based evaluation places and within the establishment level which can be included by the approach.
(ii) If a considerable bank is no longer required to delineate a retail lending assessment place Formerly recognized inside the program as a result of not Assembly the essential retail lending evaluation location thresholds pursuant to § 228.
In the event the Board receives a public remark prior to the shut day of the lender's CRA evaluation, the public comment will be considered in reference to that CRA examination.
(ix) An indicator for whether or not the loan was to a business or farm with gross yearly revenues increased than $1 million; and
The Board considers the department availability and companies offered at branches of banking companies that work one or more branches pursuant to paragraph (b)(two) of this portion.
Pursuant to § 228.28 and appendix D to this part, the Board incorporates a lender's Retail Lending Examination conclusions into its State or multistate MSA ratings, as relevant, and its institution score.
A bank have to delineate a number of facility-based mostly assessment regions in just which the Board evaluates the bank's record of assisting to fulfill the credit desires of its complete community pursuant to your functionality exams and strategic approach described in § 228.21.
The restricted intent lender's Neighborhood advancement financing effectiveness in all of its facility-dependent assessment regions; and
The Board may well adjust a limited goal financial institution's institution rating from “Satisfactory” to “Excellent” in which a financial institution requests and receives extra consideration for providers that might qualify under the Community Development Services Exam in § 228.twenty five.
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The financial institution have to incorporate the prepared notices in the public file inside of three business times following receiving notification within the FFIEC of The provision on the disclosure statements.
(i) Impedes its ability to carry out at a satisfactory amount underneath the system, which include economical constraints caused by sizeable situations that effects the area or countrywide overall economy; more info or
(ii) In case the Board, the FDIC, and the OCC establish that a loan or investment decision is no more suitable for community progress thing to consider, the owner on the loan or investment at the time in the resolve will carry on to obtain Neighborhood enhancement thing to consider for the remaining phrase or period of the loan or expenditure.