228 loan Fundamentals Explained
228 loan Fundamentals Explained
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(two) A home mortgage loan or maybe a multifamily loan is found inside the census tract the place the house securing the loan is located; and
The Board evaluates The provision and utilization of a lender's deposit items attentive to the demands of lower- and moderate-cash flow men and women, family members, or households as follows:
(ii) The retail banking solutions and retail banking items needs of its facility-dependent evaluation parts and with the establishment degree which are protected by the approach.
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suggests a staffed banking facility, irrespective of whether shared or unshared, which the Board authorized or approved as a department and that's open to, and accepts deposits from, most people.
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The Board evaluates a financial institution's distant services facility availability in a very facility-dependent evaluation spot determined by the next:
Within a facility-based mostly evaluation region or outside retail lending region, an item line is A serious product or service line When the lender's loans in that merchandise line comprise fifteen % or even more on the bank's loans across all the lender's product or service lines in the ability-dependent click here evaluation space or outside the house retail lending location, as established pursuant to paragraph II.b.1 of appendix A to this portion.
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For car loans, the Board compares a financial institution's geographic and borrower distributions into the relevant Group benchmarks, as delivered in paragraph (file) of this area and part VI of appendix A to this aspect.
The Board assigns a conclusion to the functionality of the intermediate lender evaluated pursuant to this section as provided in appendices C and E to this element. In assigning conclusions for an intermediate bank, the Board might think about overall performance context details as furnished in § 228.21(d).
(seven) Information and facts indicating that the credit history requirements of the power-based mostly assessment spot or retail lending evaluation region are certainly not currently being achieved by lenders in the aggregate, these that the suitable benchmarks do not sufficiently mirror Local community credit rating demands.
If a armed forces financial institution delineates the complete U.s. and its territories as its sole facility-based mostly assessment spot pursuant to § 228.sixteen(d), the Board evaluates the financial institution solely at the institution stage according to its functionality in its sole facility-based evaluation place.
(three) The number of lenders whose dwelling house loan loans, multifamily loans, modest small business loans, and smaller farm loans and deposits data are utilised to ascertain the applicable Retail Lending Quantity Threshold, geographic distribution marketplace benchmarks, and borrower distribution industry benchmarks;