228 loan Fundamentals Explained
228 loan Fundamentals Explained
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Pursuant to § 228.28 and appendix C to this aspect, the Board assigns conclusions to get a lender's Community Growth Services Exam overall performance in Each and every facility-based evaluation area, Each individual Condition or multistate MSA, as applicable, and for your establishment.
The Board evaluates The supply and usage of the financial institution's deposit merchandise attentive to the needs of very low- and moderate-income persons, households, or homes as follows:
To produce supporting conclusions for geographic distributions of closed-conclusion dwelling home loan loans, tiny small business loans, and compact farm loans, the Board evaluates the lender's overall performance by comparing the Geographic Lender Metric to performance ranges, depending on the Geographic Market place Benchmark, the Geographic Neighborhood Benchmark, and multipliers, as described in paragraphs V.b and V.c of appendix A to this component.
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(6) A financial institution's shut-finish home mortgage lending, smaller organization lending, tiny farm lending, or auto lending in distressed or underserved nonmetropolitan middle-profits census tracts in which a lender's nonmetropolitan facility-based mostly evaluation region or nonmetropolitan retail lending evaluation area involves hardly any or no minimal- and average-earnings census tracts; and
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Pursuant to § 228.28 and appendix D to this part, the Board incorporates a bank's Retail Lending Check conclusions into its Condition or multistate MSA rankings, as applicable, and its institution rating.
For vehicle loans, the Board compares a lender's geographic and borrower distributions to the applicable community benchmarks, as presented in paragraph (file) of the part and part VI of appendix A to this part.
The Board evaluates a restricted reason bank's Local community improvement funding overall performance in a very facility-primarily based assessment place and assigns a conclusion in the facility-dependent evaluation region based upon the Board's:
The Board considers the weighted regular of the effectiveness scores equivalent to the financial institution's Group Improvement Companies Test conclusions for its facility-primarily based assessment parts within a State, multistate MSA, or even the institution pursuant to segment IV of appendix B to this aspect.
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The Board assessments the affect and responsiveness from the lender's community growth loans and community progress investments that advantage or provide a State, as presented in § 228.fifteen.
b of appendix A to this section for facility-primarily based evaluation spots and retail lending evaluation locations, and paragraph IV.d of appendix A to this portion for outdoor retail lending areas; and
For every major merchandise line, a Geographic Group Benchmark, calculated pursuant to paragraph III.c of appendix A to this element for facility-centered assessment regions and retail lending evaluation locations, and paragraph III.e of appendix A to this portion for outdoor retail lending locations.