Detailed Notes on 228 loan
Detailed Notes on 228 loan
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(ii) To accumulate ownership or control of shares or all or significantly the entire assets of a lender, to result in a lender to be a subsidiary of the lender holding organization, or to merge or consolidate a financial institution holding organization with every other financial institution Keeping business in a very transaction that requires acceptance beneath part three in the Lender Keeping Company Act (12 U.S.C. 1842);
The Board considers proof of discriminatory or other illegal credit practices explained in this portion by:
(six) A financial institution's shut-conclusion residence house loan lending, modest enterprise lending, small farm lending, or vehicle lending in distressed or underserved nonmetropolitan middle-earnings census tracts the place a bank's nonmetropolitan facility-dependent evaluation location or nonmetropolitan retail lending assessment place involves hardly any or no very low- and moderate-profits census tracts; and
(A) Combines the performance scores for each supporting conclusion for each big item line into a product line rating; and
To develop supporting conclusions for borrower distributions of closed-stop household mortgage loans, modest business loans, and tiny farm loans, the Board evaluates the financial institution's general performance by evaluating the Borrower Lender Metric to performance ranges, depending on the Borrower Market place Benchmark, Borrower Local community Benchmark, and multipliers, as described in paragraphs V.d and V.e of appendix A to this element.
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(A) Submitting the First draft plan for publication about the Board's Web-site and by publishing the initial draft program over the bank's Site, If your lender maintains 1; and
The Board charges the functionality of the intermediate lender evaluated under this part as presented in appendix D to this section.
Components viewed as in assessing the effect and responsiveness of a lender's Local community growth loans, community development investments, and Local community advancement providers consist of, but aren't restricted to, if the community enhancement loan, Local community improvement expense, or Group advancement service:
If a small bank opts to become evaluated under the Retail Lending Check in § 228.22, the Board charges the functionality of a small bank as supplied in appendix D to this component.
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