A constrained function bank's community improvement financing effectiveness in its facility-based evaluation spots inside the State or multistate MSA; and
The Board may well change the score of an intermediate financial institution evaluated as offered in paragraph (a)(two) of the segment from “Satisfactory” to “Exceptional” on the institution level wherever the financial institution requests and receives additional thing to consider for routines that will qualify pursuant on the Retail Companies and Goods Examination in § 228.23.
The Board fees the efficiency of an intermediate bank evaluated beneath this part as delivered in appendix D to this part.
(one) A buyer loan is situated inside the census tract where by the borrower resides at time the borrower submits the loan software;
For a little bank evaluated under the Smaller Bank Lending Take a look at, the Board prices the financial institution's performance less than this segment as offered in appendix E to this section.
(i) All the information required with the lender's community file should be maintained at the main office and, if an interstate lender, at a person department Place of work in Each and every State; and
When you have queries with the Company that issued the current doc make sure you Call the company specifically.
(1) Revitalization or stabilization, essential Local community facilities, necessary community infrastructure, and disaster preparedness and temperature resiliency pursuits in Indigenous Land Locations are things to do exclusively targeted to and performed in Native Land Spots.
(B) In 5 calendar times with the ask for, all the data which the lender is necessary to take care of less than this portion in the general public file relating to the facility-based evaluation area in which the department is situated.
Throughout the phrase of a strategy, a bank might request the Board to approve an Modification into the approach in the absence of a cloth improve in instances.
The Board considers the loans, investments, solutions, and products and solutions of check here affiliate marketers of the financial institution that aren't operations subsidiaries, at the bank's alternative, matter to the following:
signifies a loan, including a legally binding dedication to extend credit rating, for instance a standby letter of credit history, that supports community advancement, as described in § 228.13. A Local community enhancement loan will not include things like any home mortgage loan loan viewed as underneath the Retail Lending Test in § 228.
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has the identical meaning as that expression is described through the Director of the Office environment of Management and Finances.