228 loan Fundamentals Explained
228 loan Fundamentals Explained
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(2) A home mortgage loan or a multifamily loan is situated during the census tract wherever the residence securing the loan is found; and
Pursuant to twelve U.S.C. 2906, the Board delivers conclusions derived less than this part individually for metropolitan spots during which a bank maintains one or more domestic branch workplaces and for your nonmetropolitan location of the Point out if a lender maintains one or more domestic department places of work in these nonmetropolitan space.
usually means, notwithstanding the definition of “tiny business enterprise” Within this segment, a loan included in “loans to smaller businesses” as noted in Program RC-C of the Call Report.
The Board considers evidence of discriminatory or other unlawful credit score practices explained With this area by:
signifies a loan to a number of folks for domestic, family members, or other particular expenses Which is without doubt one of the next different types of loans:
(A) Brings together the performance scores for each supporting conclusion for each main product or service line into an item line score; and
The Board evaluates a significant lender's history of assisting to fulfill the credit requires of its full Local community in its exterior retail lending space pursuant to § 228.
(one) A nonmetropolitan Center-income census tract is selected as distressed if it is inside a county that meets one or more of the following criteria:
(B) The housing is situated within a census tract during which the median income of renters is very low- or moderate-profits and also the median rent won't exceed 30 percent of 80 % of the area median money;
In assigning Retail Lending Check conclusions for any Point out pursuant to § 228.22(h), the Board would not take into consideration a lender's pursuits to become within the Condition if Those people actions take place in a very retail lending evaluation region consisting of counties in multiple State.
(i) The general public's involvement in formulating the draft approach, like unique details regarding the users of the general public and corporations the financial institution contacted And exactly how the lender gathered information related on the draft strategy;
(six) A bank's shut-conclude household home finance loan lending, smaller small business lending, small farm lending, or car lending in distressed or underserved nonmetropolitan middle-profits census tracts wherever a financial institution's nonmetropolitan facility-primarily based evaluation spot or nonmetropolitan retail lending assessment place contains very few more info or no small- and reasonable-earnings census tracts; and
The Board considers the loans, investment, services, and items of a financial institution's operations subsidiaries less than this element, Except if an operations subsidiary is independently subject matter towards the CRA.
(A) The Board considers the digital supply units and various supply programs of the following banking companies: