Considerations To Know About 228 loan
Considerations To Know About 228 loan
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The Nationwide Neighborhood Enhancement Financing Benchmark steps the dollar volume of Group advancement loans and Local community growth investments that benefit or serve all or Portion of the nationwide space for all large depository establishments as compared to the deposits situated in the nationwide place for all big depository institutions, calculated pursuant to paragraph II.k of appendix B to this portion.
The Board considers the weighted typical of the performance scores equivalent to the lender's conclusions for that Neighborhood Improvement Financing Examination for its facility-centered assessment regions throughout the nationwide space, calculated pursuant to section IV of appendix B to this part.
The Board considers Neighborhood development loans and Local community improvement investments allocated pursuant to paragraph I.b of appendix B to this part.
(D) A little financial institution may consist of a community development loan or Group improvement expenditure element and accompanying once-a-year measurable goals in its system.
(A) Combines the overall performance scores for every supporting conclusion for each major item line into a product line rating; and
If a financial institution opts to be evaluated pursuant on the Retail Lending Exam, the Board assigns conclusions to the financial institution's Retail Lending Examination functionality as provided in appendix C to this component. In assigning conclusions for a small financial institution, the Board may possibly consider overall performance context details as presented in § 228.21(d).
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The Board assigns conclusions to the effectiveness of a bank operating under a strategic plan pursuant to § 228.
(B) For each of a bank's facility-primarily based assessment get more info areas within a nonmetropolitan area, the Nonmetropolitan Nationwide Community Development Funding Benchmark steps the dollar volume of Group enhancement loans and Group progress investments that reward or serve nonmetropolitan locations in the nationwide space for all significant depository establishments when compared with deposits located in nonmetropolitan areas during the nationwide place for all huge depository institutions.
When implementing performance tests and strategic ideas pursuant to paragraph (a) of this section, and when identifying no matter if to approve a strategic plan pursuant to § 228.
The Board considers Neighborhood development loans and Local community advancement investments allotted pursuant to paragraph I.b of appendix B to this element.
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If a little financial institution opts being evaluated under the Retail Lending Exam in § 228.22, the Board prices the effectiveness of a little lender as offered in appendix D to this element.
(E) The bank fails to offer details asked for with the Board which is essential for the Board to generate an informed determination.