About 228 loan
About 228 loan
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(B) For giant financial institutions that had assets fewer than or equal to $ten billion as of December 31 in possibly on the prior two calendar years, the Board considers a financial institution's deposit goods only for the bank's possibility.
implies, notwithstanding the definition of “little farm” With this segment, a loan included in “loans to little farms” as claimed in Plan RC-C of the Call Report.
(B) Except as furnished in § 228.fifty one(e), a substantial lender using a put together complete of 10 or even more facility-based assessment regions and retail lending evaluation locations in any Condition or multistate MSA, as relevant, or with the establishment might not get a rating of “Satisfactory” or “Outstanding” in that Condition or multistate MSA, as relevant, or with the institution, Except the financial institution receives an General summary of no less than “Low Satisfactory” in 60 % or more of the whole amount of its facility-centered evaluation areas and retail lending evaluation locations in that State or multistate MSA, as applicable, or for the institution.
Reviews or questions about doc content cannot be answered by OFR team. You should will not supply confidential information or personal details.
(ii) Any county in a very nonmetropolitan area by which the bank did not originate or purchase any shut-close dwelling home loan loans, little enterprise loans, little farm loans, or automobile loans if auto loans are an item line to the bank.
(ii) Inside the prior two calendar years, the financial institution originated or obtained outside the house the financial institution's facility-centered assessment areas in excess of 50 per cent of the financial institution's home property finance loan loans, multifamily loans, smaller company loans, compact farm loans, and car loans if vehicle loans are an item line for your financial institution, as explained in paragraph II.a.two of appendix A to this component.
(1) A nonmetropolitan middle-money census tract is designated as distressed if it is in a very county that satisfies one or more of the following standards:
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The Board considers the availability of distant assistance amenities in the 228 loan subsequent geographic regions:
The Board considers facts furnished by the bank and may contemplate publicly obtainable information and facts and information furnished by federal government or Neighborhood sources that demonstrates that a community growth company Advantages or serves a facility-based mostly assessment location, Condition, or multistate MSA, or even the nationwide spot.
Loans, investments, and companies that guidance compact businesses or little farms in accordance with how little organizations and tiny farms are defined within the applicable plan, program, or initiative, but excluding loans by a lender straight to smaller corporations or smaller farms (both as defined in a government plan, application, or initiative or in § 228.
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