228 loan - An Overview
228 loan - An Overview
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A large bank need to accumulate and maintain in Digital form, as prescribed through the Board, until eventually the completion of your lender's next CRA examination during which the data are evaluated, the following info for each tiny enterprise loan or small farm loan originated or obtained via the financial institution in the course of the analysis period of time:
On request, a lender have to provide copies, both on paper or in digital sort acceptable to the individual making the ask for, of the knowledge in its general public file. The bank could charge an affordable fee to not exceed the expense of copying and mailing (Otherwise presented in electronic type).
implies retail money expert services supplied by a bank to individuals, modest organizations, or tiny farms and contain a bank's units for providing retail financial expert services.
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) Unique specifics of the dollar degree of the community development loan or Neighborhood improvement expenditure that was allotted to each county served because of the loan or financial commitment, if obtainable.
(A) Brings together the general performance scores for each supporting conclusion for each key product or service line into an item line score; and
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A lender that received a a lot less than “Satisfactory” institution score throughout its newest examination ought to contain in its general click here public file a description of its recent endeavours to improve its effectiveness in assisting to fulfill the credit demands of its full community.
In assigning Retail Lending Check conclusions for a Condition pursuant to § 228.22(h), the Board doesn't take into consideration a financial institution's activities being inside the Point out if People activities happen inside a retail lending evaluation area consisting of counties in more than one Point out.
The Board assigns conclusions for the performance of the financial institution running underneath a strategic strategy pursuant to § 228.
An intermediate financial institution or a small bank for which auto loans are a product line could collect and manage inside of a structure in the lender's picking out, which include in an Digital kind prescribed through the Board, until finally the completion from the lender's following CRA examination wherein the information are evaluated, the data explained in paragraphs (a)(2)(iii)(A) by (F) of the section for every automobile loan originated or ordered through the lender through the analysis period.
For household house loan loans, the bank will have to discover the house mortgage loan loans documented by its operations subsidiary less than twelve CFR element 1003, if relevant, or acquire and preserve details on property mortgage loan loans by its functions subsidiary that the lender would have collected and managed pursuant to paragraph (a)(3) of the section had the lender originated or bought the loans.
A financial institution will have to sustain a general public file, in possibly paper or electronic format, that includes the next information and facts:
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