228 loan - An Overview
228 loan - An Overview
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(v) To obtain ownership or control of shares or all or substantially all of the property of a financial savings Affiliation, to induce a cost savings association to be a subsidiary of the savings and loan holding enterprise, or to merge or consolidate a personal savings and loan Keeping organization with almost every other cost savings and loan Keeping corporation in the transaction that needs acceptance under section ten of the house Homeowners' Loan Act (12 U.S.C. 1467a).
To establish supporting conclusions for geographic distributions of closed-finish residence house loan loans, compact enterprise loans, and smaller farm loans, the Board evaluates the lender's overall performance by evaluating the Geographic Lender Metric to effectiveness ranges, according to the Geographic Sector Benchmark, the Geographic Group Benchmark, and multipliers, as explained in paragraphs V.b and V.c of appendix A to this element.
Responsive credit rating merchandise and programs may perhaps involve, but are certainly not restricted to, credit rating solutions and courses that:
The Board could change a constrained intent bank's institution ranking from “Satisfactory” to “Fantastic” in which a lender requests and receives additional thing to consider for solutions that may qualify under the Community Improvement Expert services Examination in § 228.25.
(ii) Any county in the nonmetropolitan spot where the bank didn't originate or purchase any shut-close property mortgage loan loans, modest business enterprise loans, small read more farm loans, or car loans if car loans are a product line for your bank.
The joint strategy could consist of optional analysis elements or qualified modifications and additions to the efficiency assessments that would implement from the absence of the authorised system.
(2) Should the contributors or traders elect to allocate community improvement loans or community enhancement investments between on their own for consideration under this portion, no participant or Trader may well assert a loan origination, loan acquire, or financial commitment for Neighborhood advancement thing to consider if An additional participant or Trader claims the same loan origination, loan acquire, or expenditure; and
(1) Establishes the framework and criteria by which the Board assesses a lender's report of responding for the credit history wants of its whole Local community, which includes small- and moderate-cash flow neighborhoods, in line with the safe and seem operation with the lender; and
(i) Why the lender's small business design is outside the scope of, or inconsistent with, one or more components of the efficiency checks that might apply inside the absence of the approved plan;
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(B) The Board evaluates the tiny bank for that evaluation interval preceding the lender's up coming CRA assessment pursuant towards the Retail Lending Take a look at in § 228.22 and continues evaluations less than this effectiveness check for subsequent analysis durations right up until the lender opts out.
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