Not known Details About 228 loan
Not known Details About 228 loan
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(one) Details indicating that a lender purchased shut-close dwelling home loan loans, small company loans, smaller farm loans, or vehicle loans for the only real or Key reason of inappropriately maximizing its retail lending overall performance, which include, although not restricted to, information and facts indicating subsequent resale of these types of loans or any indication that such loans are actually deemed in multiple depository establishments' CRA evaluations, through which circumstance the Board doesn't look at this kind of loans inside the lender's general performance evaluation;
(2) A retail lending evaluation space may well not prolong past a Condition boundary Except the retail lending assessment spot is made up of counties inside of a multistate MSA.
The Board considers Group growth loans and Neighborhood advancement investments allocated pursuant to paragraph I.b of appendix B to this section.
In Just about every relevant Retail Lending Test Space, the Board evaluates originated and bought loans in each of the following product strains That may be a important merchandise line, as described in paragraph (d)(two) of the area:
The Board evaluates a lender's Group development products and services overall performance within a facility-centered assessment space and assigns a conclusion for just a facility-centered assessment space, by considering one or more of the subsequent:
(iii) A list displaying Each individual census tract wherein the bank claimed a little business enterprise loan or a small farm loan;
The Board weights the financial institution's overall performance rating for your general performance assessments applicable to an intermediate bank as follows:
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In assigning Retail Lending Take a look at conclusions for a Point out pursuant to § 228.22(h), the Board will not consider a financial institution's things to do being inside the Point out if Individuals activities occur within a retail lending evaluation area consisting of counties in more than one Condition.
The Board weights the lender's functionality rating for your effectiveness tests applicable to a significant bank as follows:
An intermediate financial institution or a small bank for which car loans are a product line may obtain and retain in the format in the financial institution's deciding upon, which include in an electronic form prescribed by the Board, until the completion of the lender's up click here coming CRA examination in which the information are evaluated, the data described in paragraphs (a)(two)(iii)(A) by way of (File) of this section for every car loan originated or procured with the lender in the evaluation interval.
The Board evaluates The provision and use of a financial institution's deposit goods aware of the needs of lower- and reasonable-earnings persons, families, or households as follows:
For automobile loans, the Board compares a financial institution's geographic and borrower distributions into the applicable Local community benchmarks, as provided in paragraph (f) of this area and portion VI of appendix A to this component.
(ii) If your Board, the FDIC, and also the OCC establish that a loan or expense is not qualified for Group improvement thought, the proprietor of your loan or investment decision at enough time of your determination will proceed to obtain Neighborhood progress thought with the remaining time period or duration of the loan or investment.