About 228 loan
About 228 loan
Blog Article
Pursuant to § 228.21, the Group Advancement Funding Examination for Limited Intent Financial institutions evaluates a restricted function financial institution's history of assisting to meet the credit wants of its total Local community as a result of community enhancement loans and community development investments (
(v) To obtain ownership or Charge of shares or all or considerably each of the assets of a financial savings association, to cause a personal savings Affiliation to become a subsidiary of a cost savings and loan holding business, or to merge or consolidate a savings and loan Keeping corporation with any other discounts and loan holding enterprise within a transaction that needs acceptance under portion ten of the Home Owners' Loan Act (12 U.S.C. 1467a).
The Board considers community progress loans and community progress investments allocated pursuant to paragraph I.b of appendix B to this aspect.
(B) For a considerable lender that experienced property under or equal $ten billion as of December 31 in possibly on the prior two calendar many years Which operates not less than one particular department, the Board considers the lender's digital delivery systems and various delivery techniques for the lender's alternative.
indicates a closed-finish residence mortgage loan or an open up-finish property property finance loan loan as these terms are defined On this part.
If a bank opts for being evaluated pursuant to the Retail Lending Examination, the Board assigns conclusions with the lender's Retail Lending Exam general performance as offered in appendix C to this portion. In assigning conclusions for a little lender, the Board may take into consideration effectiveness context details as delivered in § 228.21(d).
(iii) Any conditions beyond the Charge of the bank, such as economic circumstances or other sector variables or activities, that have adversely impacted the financial institution's ability to complete.
(B) A lender may well specify making use of belongings as an alternative denominator for the Group progress financing metric if it improved measures a bank's potential.
The Board utilizes the facility-based mostly assessment parts delineated by a bank in its analysis of the lender's CRA effectiveness Except if the Board click here establishes that the facility-centered assessment spots usually do not adjust to the requirements of this section.
In assigning Retail Lending Examination conclusions for any Point out pursuant to § 228.22(h), the Board will not think about a financial institution's actions to be from the State if People activities happen in a very retail lending evaluation area consisting of counties in more than one Condition.
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For every main product or service line, a Borrower Group Benchmark, calculated pursuant to paragraph IV.c of appendix A to this component for facility-primarily based assessment places and retail lending assessment places, and paragraph IV.e of appendix A to this part for outside retail lending areas.
suggests any corporation that controls, is controlled by, or is under typical control with A further corporation. The phrase “Manage” has the indicating supplied to that phrase in twelve U.