228 loan - An Overview
228 loan - An Overview
Blog Article
(5) A list of retail banking products and services (which include several hours of operation, offered loan and deposit merchandise, and transaction costs) frequently supplied within the bank's branches and descriptions of material variations in The provision or cost of companies at unique branches, if any.
means a lender that isn't from the organization of extending closed-stop household mortgage loans, small company loans, smaller farm loans, or car loans evaluated underneath § 228.
Aside from a little financial institution that opts to generally be evaluated pursuant on the Retail Lending Exam in § 228.22, the Board assigns conclusions to the general performance of a small financial institution evaluated below this part as furnished in appendix E to this portion.
(1) For banking companies that manage a web site, all information demanded for your bank's community file underneath this section has to be taken care of within the lender's website.
The Board evaluations the influence and responsiveness of the financial institution's Neighborhood progress loans and Group progress investments that benefit or provide a facility-primarily based evaluation region, as provided in § 228.fifteen.
(i) All the knowledge needed for the lender's public file should be maintained at the most crucial Business office and, if an interstate lender, at 1 branch Business in Just about every State; and
This is needed of every lender beneath the Truth of the matter in Lending Act. Should you conform to the premiums and charges, the lender will immediate you to definitely an e-signature web site, and also your loan are going to be processed.
(three) A little organization loan or tiny farm loan is located within the census tract exactly where the leading small business facility or farm is found or the place the borrower will website usually use the loan proceeds, as indicated through the borrower.
The dollar quantity with the confined purpose lender's Group improvement loans and Group enhancement investments that gain or provide the State or multistate MSA and a review of your effect and responsiveness of All those loans and investments, as supplied in § 228.15.
Pursuant to § 228.28 and paragraph file of appendix D to this portion, the Board incorporates the conclusions of the bank evaluated beneath an permitted program into its Condition or multistate MSA rankings, as relevant, and its institution score, accounting for paragraph g.2 of appendix D to this section, as relevant.
) The number of examining and savings accounts opened digitally and thru other shipping and delivery devices which can be Lively at the end of Each and every calendar calendar year by census tract income amount for each calendar year.
The Board considers the weighted normal from the efficiency scores akin to the lender's conclusions for your Community Enhancement Financing Test for its facility-based evaluation locations within the nationwide space, calculated pursuant to area IV of appendix B to this portion.
(iii) A bank that features additional effectiveness analysis parts with accompanying annual measurable targets in its system have to specify the geographic locations where by People parts and goals utilize.
(1) For financial institutions that preserve an internet site, all details demanded for the lender's community file beneath this area needs to be managed on the bank's Web site.