In advance of submitting a draft want to the Board for acceptance pursuant to paragraph (h) of the area, a bank ought to:
Deposit products aware of the requires of lower- and moderate-revenue men and women, people, or households include things like but usually are not limited to, deposit merchandise with the next kinds of capabilities:
In Just about every relevant Retail Lending Check Space, the Board evaluates originated and acquired loans in each of the following product or service strains that is a key product line, as described in paragraph (d)(2) of this area:
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The Board evaluates an intermediate lender's history of assisting to meet up with the credit score wants of its complete Local community pursuant into the Retail Lending Exam in § 228.
The Retail Lending Take a look at evaluates a lender's history of assisting to meet up with the credit rating requires of its full Neighborhood throughout the financial institution's origination and purchase of car loans Should the lender is usually a majority auto lender.
For car loans, the Board compares a bank's geographic and borrower distributions for the applicable Neighborhood benchmarks, as presented in paragraph (file) of this read more segment and area VI of appendix A to this portion.
Pursuant to § 228.21, the Local community Improvement Financing Examination evaluates the financial institution's record of helping to satisfy the credit rating desires of its full community by way of Local community enhancement loans and Group development investments (
(A) A lender could request an alternate weighting strategy for combining performance beneath the relevant functionality assessments and optional evaluation factors. In specifying different take a look at weights for every applicable examination, a bank should emphasize retail lending, Neighborhood development funding, or equally.
(i) The general public's involvement in formulating the draft plan, which includes precise information and facts concerning the users of the public and businesses the lender contacted And exactly how the lender gathered information and facts relevant towards the draft strategy;
(i) A lender may include efficiency analysis factors and accompanying once-a-year measurable targets For extra geographic parts but may well not eliminate the evaluation of its efficiency in any geographic spot that may be A part of its performance analysis in the absence of the approved strategy.
(four) In case the bank didn't revise the First draft program in reaction to solutions or problems from public enter obtained, an explanation for why any recommendation or concern wasn't tackled in the draft system.
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