The 2-Minute Rule for 228 loan

(ii) Each of the counties within the nonmetropolitan place of the State (using the MSA boundaries that were in influence as of January 1 in the calendar yr by which the delineation applies), excluding:

The Board evaluates a financial institution's department availability and companies in a very facility-based mostly assessment place based upon the subsequent:

Throughout the time period of a system, a financial institution will have to submit for the Board for approval an Modification to its plan if a fabric alter in instances:

The Board uses the retail lending assessment areas delineated by a significant financial institution in its analysis of the lender's closed-close property mortgage loan lending and small business lending effectiveness unless the Board determines which the retail lending assessment places never comply with the requirements of this part.

) Unique information regarding the dollar degree of the community growth loan or Local community development investment decision which was allocated to every county served with the loan or investment, if readily available.

To establish supporting conclusions for borrower distributions of closed-conclusion house property finance loan loans, modest company loans, and modest farm loans, the Board evaluates the lender's overall performance by comparing the Borrower Financial institution Metric to general performance ranges, depending on the Borrower Current market Benchmark, Borrower Local community Benchmark, and multipliers, as explained in paragraphs V.d and V.e of appendix A to this aspect.

(3) Positive aspects or serves one or more geographic regions with lower levels of Neighborhood advancement financing;

The Board reviews the impression and responsiveness on the bank's Group progress loans and community development investments that gain or serve the nationwide place, as presented in § 228.fifteen.

The Financial institution Assessment Space Neighborhood Growth Financing Metric here measures the dollar quantity of the financial institution's Local community growth loans and Local community advancement investments that reward or serve a facility-primarily based evaluation space compared to deposits in the lender that are located in the facility-based evaluation spot, calculated pursuant to paragraph II.a of appendix B to this element.

The Board may modify a restricted objective bank's institution ranking from “Satisfactory” to “Superb” where a bank requests and receives extra thing to consider for solutions that might qualify under the Community Improvement Providers Check in § 228.25.

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indicates a loan, which include a lawfully binding commitment to extend credit, for instance a standby letter of credit score, that supports Group progress, as described in § 228.13. A Neighborhood progress loan does not incorporate any dwelling home loan loan regarded beneath the Retail Lending Take a look at in § 228.

A bank ought to maintain a general public file, in either paper or digital structure, that features the next details:

A little lender, or maybe a financial institution that was a little financial institution through the prior calendar yr, must include in its community file the financial institution's loan-to-deposit ratio for every quarter with the prior calendar yr and, at its choice, additional facts on its loan-to-deposit ratio.