The Board assessments the effects and responsiveness of your bank's Group progress loans and Neighborhood progress investments that profit or serve the nationwide place, as delivered in § 228.15.
A bank needed to report house mortgage loan loan details pursuant to 12 CFR component 1003 ought to consist of in its community file a written observe which the lender's HMDA Disclosure Assertion could be attained on The patron Monetary Safety Bureau's (CFPB's) Web site at:
The Board considers Group improvement loans and Local community improvement investments allotted pursuant to paragraph I.b of appendix B to this portion.
(i) The range and proportion of originations and programs of the massive financial institution's residence mortgage loan loans by borrower or applicant money degree, race, and ethnicity;
(v) To acquire ownership or control of shares or all or considerably all the belongings of the price savings Affiliation, to bring about a discounts Affiliation to be a subsidiary of the financial savings and loan holding firm, or to merge or consolidate a savings and loan Keeping company with another financial savings and loan holding firm inside a transaction that requires acceptance underneath portion 10 of the house Entrepreneurs' Loan Act (12 U.S.C. 1467a).
(1) Establishes the framework and requirements by which the Board assesses a lender's file of responding towards the credit needs of its entire Local community, such as reduced- and moderate-earnings neighborhoods, according to the Protected and audio operation with the financial institution; and
The Board weights the financial institution's efficiency score for the general performance exams applicable to an intermediate financial institution as follows:
These disclosure statements point out the variety and dollar amount of all small company loans and little farm loans originated or purchased for every census tract along with the amount and greenback number of all community enhancement loans and Local community enhancement investments for each county by reporting banking companies, apart from the Board might regulate the form with the disclosure if needed, due to Distinctive conditions, to shield the privacy of a borrower or maybe the competitive placement of a bank.
The Board seeks to act on a draft strategy in just ninety calendar days following the Board receives the complete draft strategy as well as other materials essential pursuant to paragraph (f) of the segment.
) of this section, the percentage of responsive deposit accounts when compared with overall deposit accounts for on a yearly basis of your analysis period of time.
The Board evaluates more info an intermediate bank's history of helping to satisfy the credit score wants of its whole community pursuant to the Retail Lending Exam in § 228.
(4) The selection and dollar volume of Local community development loans and Neighborhood enhancement investments documented as originated or procured inside Every facility-based evaluation area, Every single Point out during which the financial institution contains a branch, Each and every multistate MSA where a lender features a branch in two or more States on the multistate MSA, and nationwide spot beyond these States and multistate MSAs.
(ii) The variety and share of originations and programs of combination house loan lending of all lenders reporting HMDA details in the ability-primarily based assessment place and as relevant, the retail lending evaluation area; and
(x) An indicator for whether or not the loan was to a company or farm for which gross once-a-year revenues are not recognized through the financial institution.