Not known Facts About 228 loan
Not known Facts About 228 loan
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(i) The retail lending desires of its facility-based evaluation regions, retail lending assessment places, and out of doors retail lending place that happen to be coated with the program. A lender that originates or buys loans in a product line evaluated pursuant for the Retail Lending Check in § 228.
The Board could approve a prepare right after thinking of the standards in paragraph (h)(3) of this area and if it establishes the lender has supplied satisfactory justification with the strategy and each aspect of the plan as essential in paragraph (d) of this segment.
has a similar meaning as that expression is described from the Director on the Office of Management and Finances.
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Pursuant to § 228.28 and appendix D to this section, the Board incorporates a financial institution's Retail Lending Test conclusions into its State or multistate MSA ratings, as applicable, and its institution rating.
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(i) An intermediate lender's community development efficiency is evaluated pursuant to the next requirements:
Buys of property finance loan-backed securities where by a the greater part on the underlying loans are usually not loans the bank originated or obtained and:
(1) Any data pertaining to a lender's institutional potential or constraints, such as the dimensions and economical ailment of your lender, protection and soundness constraints, or some other financial institution-certain aspects that substantially affect the financial institution's capacity to supply retail lending, retail banking providers and retail banking goods, Local community growth loans, Neighborhood development investments, or Group growth providers;
The Board evaluates a limited goal financial institution's Neighborhood growth funding general performance in the nationwide region, pursuant to § 228.19, and assigns a conclusion for the establishment based on the Board's thing to consider of the subsequent two factors:
The Board may change a little bank ranking from “Satisfactory” to “Fantastic” in the establishment degree where the financial institution requests and receives additional consideration for the subsequent routines, with out regard to whether the action is in a number of on the bank's facility-dependent evaluation regions, as relevant:
The Board evaluates a bank's retail banking products and solutions supplied get more info within the bank's facility-based mostly evaluation areas and nationwide, as applicable, with the establishment level as follows: