228 loan - An Overview
228 loan - An Overview
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A confined reason financial institution's community enhancement funding general performance in its facility-centered assessment areas during the Point out or multistate MSA; and
(E) The financial institution fails to offer info requested by the Board that may be necessary for the Board to create an informed choice.
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(iii) A listing displaying Every single census tract wherein the financial institution described a small enterprise loan or a little farm loan;
The Board evaluates a military bank pursuant towards the applicable functionality exams explained in paragraph (a) of this portion.
A lender topic to this element may possibly request which the Board validate that a loan, investment, or service is qualified for community improvement thing to consider by distributing a request to, As well as in a format prescribed by, the Board.
(three) Gains or serves one or more geographic places with very low levels of community improvement funding;
. The financial institution need to consist of the published recognize in the public file in just 3 enterprise days just after acquiring notification in the FFIEC of the availability of the disclosure assertion.
Subject towards the geographic demands in paragraph (b) of this part, a big financial institution need to delineate, for a certain calendar 12 months, a retail lending evaluation area in almost any MSA or from the nonmetropolitan spot of any Condition through which it originated:
An amendment into a strategy should comply with all relevant requirements of the segment, Until the Board waives a requirement as not applicable.
(B) A bank apart from a considerable lender may well include a Group progress services element and accompanying once-a-year measurable targets in its prepare.
A large financial institution ought to collect and maintain in Digital type, as more info prescribed by the Board, till completion of the bank's subsequent CRA examination through which the data are evaluated, the subsequent facts with respect to retail banking companies and retail banking goods available and supplied by the financial institution for the duration of Each individual calendar calendar year:
(iii) A lender that includes additional efficiency analysis elements with accompanying annual measurable plans in its program have to specify the geographic regions where These components and aims utilize.
has the exact same meaning as that time period is described from the Director on the Business of Management and Price range.