228 loan - An Overview
228 loan - An Overview
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signifies credit history and deposit goods or programs that aid a lending or depository marriage between the bank and people, modest organizations, or little farms.
(E) The lender fails to supply info asked for through the Board that is essential for the Board to produce an knowledgeable determination.
means retail monetary solutions furnished by a financial institution to buyers, smaller firms, or modest farms and include things like a financial institution's systems for offering retail money expert services.
The Board makes use of the retail lending assessment parts delineated by a significant lender in its evaluation from the bank's shut-conclude house home finance loan lending and modest business lending performance Except the Board determines that the retail lending evaluation regions don't comply with the necessities of the segment.
(i) The public's involvement in formulating the draft program, such as certain information regarding the customers of the general public and businesses the financial institution contacted And exactly how the financial institution gathered information and facts relevant to the draft approach;
The Board considers the department availability and expert services presented at branches of financial institutions that function a number of branches pursuant to paragraph (b)(two) of the part.
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The Board assessments the affect and responsiveness of your financial institution's Local community enhancement loans and Group enhancement investments that advantage or serve a multistate MSA, as delivered in § 228.fifteen.
signifies a shut-conclusion household home finance loan loan or an open-finish home home loan loan as these terms are defined On this area.
The Board evaluates an intermediate bank's history of helping to meet the credit requires of its full Local community pursuant to your Retail Lending Test in § 228.
(B) For large financial institutions that experienced belongings lower than or equal to $10 billion as of December 31 in both on the prior two calendar a long time, the Board considers a financial institution's deposit merchandise only with the lender's option.
); the expression “uninsured State department” suggests a Condition branch the deposits of which aren't insured from the Federal Deposit Insurance plan check here Corporation; the time period “constrained department” signifies a Condition branch that accepts only deposits which can be permissible for a company arranged under part 25A of your Federal Reserve Act (twelve U.S.C. 611 et seq.
(4) If the financial institution did not revise the Preliminary draft plan in reaction to suggestions or considerations from general public input obtained, a proof for why any recommendation or problem was not tackled during the draft program.