A Simple Key For 228 loan Unveiled
A Simple Key For 228 loan Unveiled
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A lender may possibly specify substitute weights for averaging check efficiency across evaluation areas or other geographic spots. These substitute weights has to be dependant on the financial institution's capacity and Local community demands and alternatives in distinct geographic areas.
Upon ask for, a bank must provide copies, possibly on paper or in digital sort satisfactory to the individual generating the request, of the knowledge in its community file. The lender might demand an affordable fee to not exceed the expense of copying and mailing (Otherwise presented in electronic form).
indicates, notwithstanding the definition of “small farm” Within this part, a loan included in “loans to smaller farms” as noted in Agenda RC-C of the decision Report.
(A) Distributing the initial draft approach for publication to the Board's Internet site and by publishing the Preliminary draft plan around the bank's Web site, In the event the financial institution maintains one particular; and
) Specific information regarding the greenback quantity of the Local community enhancement loan or community advancement investment that was allotted to each county served with the loan or investment decision, if out there.
In considering CRA efficiency within an software described in paragraph (a) of this section, the Board will take into account any sights expressed by interested get-togethers which can be submitted in accordance Using the Board's Regulations of Method established forth in read more twelve CFR component 262.
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Pursuant to § 228.21, the Neighborhood Progress Funding Exam evaluates the lender's document of helping to satisfy the credit score demands of its overall Neighborhood by way of Group progress loans and Neighborhood progress investments (
implies the period, typically in calendar several years, throughout which a lender done the actions that the Board evaluates in a CRA evaluation, in accordance with the Board's tips and strategies.
) of this section, the percentage of responsive deposit accounts in comparison to complete deposit accounts for each and every year on the evaluation period.
A financial institution ought to specify in its system how all components of the strategy lined in paragraphs (g)(1) via (five) of this portion, in conjunction with any other relevant general performance checks not A part of an accredited strategic program, must be deemed to assign:
) The number of checking and discounts accounts opened digitally and through other shipping units by census tract revenue amount for each calendar yr; and
A bank ought to preserve a community file, in both paper or electronic structure, that features the subsequent data:
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