About 228 loan
About 228 loan
Blog Article
The Board reviews the influence and responsiveness from the financial institution's community progress loans and Local community improvement investments that profit or provide the nationwide region, as furnished in § 228.fifteen.
(ii) Much more than fifty percent with the venture is non-residential as measured by The share of whole sq. footage or dollar number of the venture.
Apart from as usually furnished In this particular part, a bank have to be sure that its community file consists of the information essential by this area for each with the previous a few calendar yrs, with The latest calendar 12 months included in its file annually by April one of the current calendar 12 months.
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(ix) An indicator for whether the loan was to a business or farm with gross once-a-year revenues better than $one million; and
(i) All the knowledge essential for the lender's general public file need to be preserved at the most crucial office and, if an interstate lender, at a single department Business in Each individual State; and
The Board weights the lender's general performance score for your efficiency exams applicable to an intermediate bank as follows:
(two) In the event the contributors or investors decide to allocate Group improvement loans or Neighborhood progress investments among the on their own for thought underneath this more info portion, no participant or Trader could declare a loan origination, loan invest in, or expenditure for Neighborhood progress thing to consider if another participant or Trader promises precisely the same loan origination, loan invest in, or expense; and
The Board seeks to act on a draft plan inside ninety calendar days following the Board gets the complete draft strategy together with other supplies necessary pursuant to paragraph (file) of this part.
(A) A replica of the general public area of the financial institution's most up-to-date CRA effectiveness analysis and a summary of providers provided by the branch; and
To receive a designation being a limited function financial institution, a financial institution ought to file a penned ask for With all the Board not less than ninety times just before the proposed powerful day of the designation.
) The quantity of examining and personal savings accounts opened digitally and thru other shipping and delivery systems by census tract cash flow degree for every calendar year; and
Loans by a bank straight to businesses or farms, including, but not restricted to, loans in conjunction or syndicated which has a U.
The Board evaluates a restricted goal bank's Neighborhood enhancement financing functionality during the nationwide location, pursuant to § 228.19, and assigns a conclusion for that establishment according to the Board's thought of the next two parts: