228 loan - An Overview
228 loan - An Overview
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indicates any firm that controls, is controlled by, or is beneath prevalent Regulate with another company. The time period “Handle” has the that means supplied to that time period in 12 U.
(one) A nonmetropolitan Center-earnings census tract is designated as distressed if it is inside a county that fulfills a number of of the subsequent criteria:
indicates, notwithstanding the definition of “tiny farm” With this part, a loan A part of “loans to modest farms” as documented in Timetable RC-C of the decision Report.
답변. 네이버 모바일 버전은 스마트폰 또는 태블릿에서 웹 브라우저를 통해 접속할 수 있습니다.
(D) A financial institution aside from a substantial financial institution could contain retail banking companies or retail banking merchandise element(s) and accompanying annual measurable objectives in its strategy.
(ii) If a significant bank isn't subject matter to reporting less than twelve CFR part 1003 as a result of The placement of its branches, but would normally fulfill the house Mortgage loan Disclosure Act (HMDA) measurement and lending action demands pursuant to twelve CFR section 1003, the lender will have to obtain and manage, in Digital kind, as prescribed with the Board, right up until the completion on the bank's upcoming CRA evaluation wherein the information are evaluated, the following data, for every closed-end house mortgage loan, excluding multifamily loans, originated or purchased during the analysis period:
(3) Added benefits or serves one or more geographic places with reduced amounts of Local community development funding;
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(5) Facts and knowledge furnished by the lender concerning the lender's business technique and solution offerings;
(two) A big lender is just not required to delineate retail lending assessment areas for a certain calendar year if, while in the prior two calendar years, the big lender originated or obtained in just its facility-primarily based evaluation areas a lot more than eighty p.c of its home home finance loan loans, multifamily loans, tiny small business loans, little farm loans, and vehicle loans if vehicle loans are an item line for the massive bank as described in paragraph II.a.1 of appendix A to this element.
Loans, investments, and providers that aid modest companies or smaller farms in accordance with how little corporations and little farms are outlined during the applicable program, application, or initiative, but excluding loans by a financial institution on to small firms or tiny farms (possibly as described inside a govt approach, system, or initiative or in § 228.
(B) For large financial institutions that experienced property a lot less than or equivalent to $ten billion as of December 31 in possibly with the prior two calendar years, the Board considers a bank's deposit items only with the financial institution's selection.
); the time period “uninsured Point out department” usually means a Point out department the deposits of which aren't insured through the Federal Deposit Insurance policy Corporation; the phrase “constrained department” usually means a Point out branch that accepts only deposits which can be permissible for check here a corporation arranged below portion 25A of the Federal Reserve Act (12 U.S.C. 611 et seq.
Pursuant to § 228.21, the Retail Lending Examination evaluates a bank's report of helping to fulfill the credit score needs of its overall community from the bank's origination and buy of home property finance loan loans, multifamily loans, tiny business enterprise loans, and tiny farm loans.