Pursuant to § 228.21, the Neighborhood Advancement Funding Examination for Limited Intent Banking companies evaluates a limited function bank's record of assisting to meet the credit score requires of its entire community by means of Neighborhood growth loans and Local community advancement investments (
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The Board opinions the influence and responsiveness of the financial institution's community enhancement loans and community improvement investments that gain or serve a facility-primarily based evaluation location, as provided in § 228.15.
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A financial institution that's not a the greater part car lender may well decide to have vehicle loans evaluated less than this part.
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The Board evaluates a financial institution's distant support facility availability inside of a facility-based assessment space determined by the subsequent:
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(i) An intermediate bank's Local community progress efficiency is evaluated pursuant to the following requirements:
For each significant products line, a Borrower Local community Benchmark, calculated pursuant to paragraph IV.c of appendix A to this element for facility-primarily based evaluation places and retail lending evaluation spots, and paragraph IV.e of appendix A to this portion for outdoor retail lending places.
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The Board critiques the effect and responsiveness with the bank's Group improvement loans and Local more info community improvement investments that reward or serve a Condition, as furnished in § 228.15.
A financial institution should delineate a number of facility-based assessment spots inside of which the Board evaluates the bank's report of helping to meet up with the credit demands of its entire Neighborhood pursuant into the efficiency checks and strategic strategy described in § 228.21.
Over the time period if the lender is formally soliciting public touch upon its Preliminary draft program, the lender have to make copies from the First draft strategy readily available for review at no cost in any way offices from the bank in any facility-based mostly evaluation place coated from the program and supply copies of the Preliminary draft approach upon request for an inexpensive charge to deal with copying and mailing, if relevant.