228 loan - An Overview

(one) Data indicating that a financial institution acquired closed-end dwelling property finance loan loans, smaller company loans, modest farm loans, or auto loans for the only real or Main objective of inappropriately maximizing its retail lending performance, like, but not restricted to, info indicating subsequent resale of such loans or any sign that such loans are actually regarded as in a number of depository establishments' CRA evaluations, wherein case the Board does not think about these kinds of loans while in the lender's performance evaluation;

Selecting an product from total text search results will carry you to those success. Pressing enter inside the look for box will even deliver you to search results. Background plus more facts can be found in the Lookup & Navigation guide.

This element implements the requirement from the CRA which the Board assess a bank's history of helping to meet up with the credit score wants from the regional communities in which the financial institution is chartered, in keeping with the safe and seem operation with the bank, and also to consider this file under consideration from the agency's evaluation of an software for any deposit facility with the lender. Appropriately, this portion:

(B) The Board evaluates the little financial institution for the analysis period preceding the financial institution's upcoming CRA assessment pursuant on the Retail Lending Exam in § 228.22 and continues evaluations below this efficiency take a look at for subsequent analysis durations until eventually the financial institution opts out.

The Board considers information and facts furnished by the financial institution and should look at publicly out there facts and data provided by governing administration or Group resources that demonstrates that a Neighborhood more info progress services Gains or serves a facility-based mostly assessment region, State, or multistate MSA, or the nationwide space.

) The number of examining and savings accounts opened digitally and thru other shipping devices which have been Lively at the conclusion of Just about every calendar calendar year by census tract cash flow stage for every calendar yr.

Opinions or questions about doc content material can't be answered by OFR team. Make sure you tend not to provide confidential details or personal knowledge.

A substantial bank have to collect and retain in Digital sort, as prescribed via the Board, until the completion on the bank's up coming CRA assessment during which the data are evaluated, the subsequent info for each little small business loan or small farm loan originated or purchased by the lender in the analysis period:

(B) The Board determines that analysis beneath the approach wouldn't supply a much more significant reflection of your financial institution's file of helping to meet up with the credit history needs with the lender's Group;

(ii) After the financial institution has made its Preliminary draft approach, formally solicit public comment on the Preliminary draft prepare for a minimum of sixty times by:

(5) Are furnished to college students or their people by way of a college at which nearly all of students qualify without spending a dime or diminished-selling price meals beneath the U.S. Division of Agriculture's National University Lunch Software;

Besides as normally provided Within this segment, a bank must make sure that its public file consists of the information required by this portion for every in the earlier a few calendar decades, with The newest calendar yr A part of its file on a yearly basis by April one of the present calendar calendar year.

(B) A considerable bank may possibly modify the Retail Solutions and Products and solutions Check by eradicating a part of your take a look at.

작성하신 게시글에 사용이 제한된 문구가 포함되어 일시적으로 등록이 제한됩니다.