228 loan Fundamentals Explained
228 loan Fundamentals Explained
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Pursuant to twelve U.S.C. 2906, the Board offers conclusions derived beneath this section individually for metropolitan places where a bank maintains one or more domestic branch workplaces and for your nonmetropolitan spot of the Point out if a lender maintains a number of domestic branch places of work in these nonmetropolitan area.
means, notwithstanding the definition of “compact farm” In this particular segment, a loan A part of “loans to modest farms” as documented in Timetable RC-C of the decision Report.
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(six) A financial institution's closed-close dwelling home loan lending, little company lending, small farm lending, or vehicle lending in distressed or underserved nonmetropolitan middle-cash flow census tracts where a bank's nonmetropolitan facility-centered assessment region or nonmetropolitan retail lending evaluation region features not many or no minimal- and reasonable-income census tracts; and
If a bank opts to be evaluated pursuant for the Retail Lending Take a look at, the Board assigns conclusions with the bank's Retail Lending Check functionality as offered in appendix C to this part. In assigning conclusions for a little financial more info institution, the Board could take into consideration efficiency context info as furnished in § 228.21(d).
The Board evaluates a financial institution's Group growth products and services functionality in a very facility-dependent evaluation place and assigns a conclusion for the facility-based evaluation region, by thinking of a number of of the next:
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Pursuant to § 228.21, the Neighborhood Progress Funding Test evaluates the bank's record of assisting to meet up with the credit history requirements of its complete Local community by means of Local community enhancement loans and community improvement investments (
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(i) A financial institution might integrate overall performance evaluation factors and accompanying annual measurable plans For added geographic places but might not eliminate the evaluation of its effectiveness in almost any geographic area that could be A part of its efficiency evaluation from the absence of the approved program.
b of appendix A to this portion for facility-centered assessment places and retail lending assessment areas, and paragraph IV.d of appendix A to this aspect for outside retail lending regions; and
(B) The usefulness with the lender's methods for providing retail banking companies and the availability and responsiveness from the bank's retail banking items, pursuant to § 228.23, as applicable;