(two) A home home finance loan loan or possibly a multifamily loan is found while in the census tract in which the property securing the loan is situated; and
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The Board critiques the effects and responsiveness of the bank's community progress loans and community advancement investments that benefit or serve a facility-based mostly assessment place, as supplied in § 228.fifteen.
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implies a closed-stop dwelling mortgage loan or an open-close residence property finance loan loan as these terms are defined In this particular part.
(B) A financial institution apart from a sizable lender may possibly include things like a community enhancement companies element and accompanying once-a-year measurable ambitions in its program.
The Board evaluates a bank's Neighborhood progress services efficiency in the facility-dependent evaluation spot and assigns a conclusion to get a facility-primarily based evaluation space, by taking into consideration one or more of the following:
The Board considers the weighted average on the overall performance scores comparable to the bank's Community Progress Funding Exam conclusions for its facility-dependent assessment places inside the multistate MSA, calculated pursuant to segment IV of appendix B to this section.
(five) If the Retail Lending Exam recommended conclusion doesn't precisely reflect the bank's functionality in a very Retail Lending Take a look at Space wherein a number of read more of the bank's significant solution lines includes much less than thirty loans;
The Board assessments the impression and responsiveness in the lender's Local community improvement loans and Group growth investments that benefit or serve the nationwide area, as provided in § 228.15.
Pursuant to § 228.28 and appendix D to this part, the Board incorporates a lender's Retail Lending Test conclusions into its Condition or multistate MSA scores, as applicable, and its institution score.
(6) A lender's closed-finish home home finance loan lending, smaller organization lending, tiny farm lending, or automobile lending in distressed or underserved nonmetropolitan middle-earnings census tracts where by a lender's nonmetropolitan facility-dependent assessment place or nonmetropolitan retail lending assessment space involves very few or no very low- and reasonable-income census tracts; and
If a small financial institution opts for being evaluated under the Retail Lending Check in § 228.22, the Board prices the efficiency of a small lender as furnished in appendix D to this aspect.
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