About 228 loan
About 228 loan
Blog Article
means any corporation that controls, is controlled by, or is less than prevalent Handle with Yet another enterprise. The phrase “control” has the this means presented to that time period in 12 U.
The Board evaluates a financial institution's department availability and solutions in a very facility-based mostly assessment place based on the following:
Aside from a small financial institution that opts to get evaluated pursuant to your Retail Lending Take a look at in § 228.22, the Board assigns conclusions to the functionality of a small bank evaluated below this segment as presented in appendix E to this portion.
The inclusion of the affiliate's loans, investments, services, and products and solutions in a very financial institution's plan, or inside of a joint prepare of affiliated depository institutions, is subject matter to the following:
indicates, notwithstanding the definition of “compact organization” On this portion, a loan included in “loans to smaller organizations” as claimed in Timetable RC-C of the Call Report.
Pursuant to twelve U.S.C. 2906, the Board delivers conclusions derived under this section separately for metropolitan places during which a financial institution maintains one or more domestic department workplaces and for your nonmetropolitan area of the Condition if a bank maintains a number of domestic branch workplaces in these nonmetropolitan location.
(2) The dispersion of the lender's closed-end dwelling property finance loan lending, compact small business lending, modest farm lending, or automobile lending inside of a facility-dependent assessment space to find out whether or not you will find gaps in lending that aren't defined by performance context;
(3) A small business loan or modest farm loan is situated inside the census tract where by the key small business facility or farm is located or in which the borrower will if not utilize the loan proceeds, as indicated from the borrower.
(B) In 5 calendar times of your ask for, all the data that the bank is more info required to maintain beneath this section in the public file referring to the facility-based mostly assessment spot where the department is found.
(5) Whether the Retail Lending Exam recommended summary isn't going to precisely replicate the bank's overall performance within a Retail Lending Check Area wherein a number of with the financial institution's significant product strains is made up of fewer than thirty loans;
(A) A financial institution might specify once-a-year measurable ambitions for community enhancement loans, Local community improvement investments, or both of those. The financial institution will have to base any yearly measurable ambitions like a percentage or ratio of the bank's Group advancement loans and community growth investments for all or specified forms of Local community development explained in § 228.
) of this portion in precisely the same calendar 12 months, of a community advancement loan refinanced or renewed inside a calendar year subsequent to your 12 months of origination or obtain, as of December 31 from the calendar year for annually the loan stays to the lender's harmony sheet; or an current Neighborhood growth investment renewed inside a yr subsequent on the yr the expenditure was created as of December 31 for each and every year that the investment continues to be about the bank's balance sheet.
A lender's system will have to offer a justification that demonstrates the need for the following aspects of a plan due to the lender's business enterprise design (
) The selection of retail banking solutions and retail banking products made available through digital supply systems and other supply methods; and