Not known Details About 228 loan
Not known Details About 228 loan
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For each key solution line, the Board develops a independent supporting conclusion for every classification of census tracts and each classification of borrowers explained in paragraphs V.a and VI.a of appendix A to this part.
(ii) Consistent with paragraph (g) of this area, a bank's program may involve optional analysis components or suitable modifications and additions towards the efficiency assessments that would implement in the absence of the authorized approach.
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(three) The lender may not claim community growth loans or Group enhancement investments accounting for over its proportion share (determined by the extent of its participation or investment) of the whole loans or investments created by the consortium or third party.
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A bank or savings Affiliation's file of effectiveness would be the foundation for denying or conditioning acceptance of an software mentioned check here in paragraph (a) of the section.
(five) Are supplied to students or their family members via a school at which the vast majority of learners qualify totally free or lessened-value foods beneath the U.S. Section of Agriculture's Countrywide School Lunch System;
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The Board's analysis on the responsiveness on the bank's actions is informed by data supplied by the financial institution, and should be knowledgeable because of the effects and responsiveness review factors explained in § 228.fifteen(b).
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27(h), the Board may well take into account the following efficiency context facts for the extent that it's not considered as part of the effectiveness tests as furnished in paragraph (a) of this portion:
The Financial institution Point out Group Development Funding Metric actions the dollar volume of a bank's community advancement loans and Neighborhood advancement investments that advantage or serve all or part of a Point out compared to deposits within the lender that can be found inside the State, calculated pursuant to paragraph II.d of appendix B to this section.
) The allocation of loans, investments, products and services, and items to a lender, or among the affiliated banking companies, must reflect a reasonable foundation for that allocation and might not be for the only or primary goal of inappropriately maximizing any financial institution's CRA analysis.