A Secret Weapon For 228 loan

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(ii) To obtain possession or Charge of shares or all or considerably the entire belongings of the financial institution, to cause a bank to be a subsidiary of a financial institution holding organization, or to merge or consolidate a bank Keeping enterprise with some other bank Keeping corporation within a transaction that requires approval less than area 3 on the Bank Keeping Enterprise Act (12 U.S.C. 1842);

(iii) An inventory displaying Every single census tract wherein the lender noted a little company loan or a small farm loan;

The Constrained Purpose Lender Neighborhood Growth Financing Metric actions the greenback quantity of a bank's community enhancement loans and Group growth investments that profit or provide all or Portion of the nationwide spot in comparison to the lender's belongings calculated pursuant to paragraph III.a of appendix B to this component.

The Board may possibly regulate a small bank ranking from “Satisfactory” to “Exceptional” at the institution amount in which the lender requests and gets extra thought for the subsequent routines, with out regard to whether or not the exercise is in one or more on the bank's facility-primarily based evaluation parts, as relevant:

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Pursuant to § 228.21, the Neighborhood Growth Funding Examination evaluates the financial institution's file of helping to meet the credit needs of its entire Group as a result of Group progress loans and Local community growth investments (

means the time period, generally in calendar several years, throughout which a lender performed the functions which the Board evaluates within a CRA evaluation, in accordance with the Board's suggestions and treatments.

In a very facility-dependent assessment space or exterior retail lending region, an item line is A significant item line if the financial institution's loans in that solution line comprise fifteen % or maybe more in the lender's loans across all of the financial institution's product traces in the power-primarily based evaluation area or outdoors retail lending space, as determined pursuant to paragraph II.b.1 of appendix A to this section.

(B) Why it is necessary and proper to amend its prepare from the absence of a fabric adjust in conditions.

The Board considers the weighted regular of the functionality scores corresponding to the financial institution's Group Development Companies Exam conclusions for its facility-primarily based assessment places in just a Point out, multistate MSA, 228 loan or the institution pursuant to area IV of appendix B to this aspect.

For car loans, the Board compares a lender's geographic and borrower distributions for the relevant Neighborhood benchmarks, as offered in paragraph (file) of the section and area VI of appendix A to this section.

has the identical meaning as that expression is defined because of the Director in the Workplace of Administration and Spending budget.