228 loan - An Overview
228 loan - An Overview
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(5) A summary of retail banking solutions (like hours of operation, accessible loan and deposit products and solutions, and transaction expenses) usually presented with the financial institution's branches and descriptions of fabric variances in the availability or expense of services at particular branches, if any.
(E) The bank fails to offer information asked for from the Board that is necessary for the Board to produce an informed determination.
The Board charges the performance of an intermediate bank evaluated underneath this portion as supplied in appendix D to this portion.
The Board uses the retail lending assessment places delineated by a big lender in its evaluation from the financial institution's shut-stop home property finance loan lending and compact business lending effectiveness unless the Board establishes that the retail lending evaluation areas don't adjust to the necessities of this part.
The Board considers the usage of the lender's deposit products and solutions responsive to the wants of minimal- and average-earnings people, families, or households determined by the next details:
A bank subject matter to information reporting specifications pursuant to § 228.forty two will have to incorporate in its public file a published notice the CRA Disclosure Assertion pertaining for the financial institution, its operations subsidiaries, and its other affiliates, if relevant, may be received around the FFIEC's Internet site at:
(iv) No matter if to solicit more public input or involve the financial institution to deliver any additional response to general public input currently obtained.
(one) Revitalization or stabilization, critical Local community facilities, essential Local community infrastructure, and catastrophe preparedness and weather resiliency functions in Indigenous Land Parts are activities specially focused to and executed in Native Land Parts.
means the time period, generally in calendar several years, in the course of which a bank conducted the things to do which the Board evaluates inside a CRA evaluation, in accordance Using the Board's rules and strategies.
(seven) Information and facts indicating the credit rating demands of the power-centered assessment place or retail lending evaluation location are certainly not getting met by lenders in the mixture, these kinds of the relevant benchmarks don't adequately replicate community credit wants.
(B) A bank besides a large financial institution may perhaps contain a Local community improvement expert services component and accompanying annual measurable objectives in its program.
The Board considers the weighted typical from the performance scores comparable to the financial institution's Community Growth Providers Exam conclusions for its facility-based mostly assessment locations inside of a Condition, multistate MSA, or the establishment pursuant to section IV of appendix B to this section.
(B) A considerable financial institution may perhaps modify the Retail Expert services click here and Products and solutions Take a look at by getting rid of a component on the check.
(B) The extent to which the plan has sufficiently justified the necessity for the system and each aspect of the strategy as required in paragraph (d) of this segment.