The Board critiques the affect and responsiveness on the financial institution's community development loans and Neighborhood advancement investments that reward or serve the nationwide place, as presented in § 228.fifteen.
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. In addition, In the event the Board deemed the house mortgage lending of a bank's functions subsidiaries or, at a lender's election, the Board regarded the home mortgage loan lending of other bank affiliates, the lender have to consist of in its public file the names from the functions subsidiaries as well as names of the affiliate marketers as well as a created recognize the functions subsidiaries' and various affiliates' HMDA Disclosure Statements could possibly be attained at the CFPB's Web page.
The Board could take into consideration a lender's Neighborhood improvement loans, Local community advancement investments, and Neighborhood progress services provided outside of its facility-primarily based assessment locations, as supplied On this aspect.
) An index website of the geographic spots served because of the Neighborhood improvement loan or Group growth investment, specifying any county, Point out, multistate MSA, or nationwide space served; and
) The amount of examining and savings accounts opened digitally and through other shipping units which are active at the conclusion of Every calendar calendar year by census tract profits stage for every calendar yr.
) Added benefits or serves a number of geographic parts with low levels of community development funding;
) A bank may well use alternative weights for combining the borrower and geographic distribution analyses for big item line(s) or other loan goods.
The Board opinions the effects and responsiveness on the lender's Neighborhood advancement loans and Group advancement investments that gain or serve a multistate MSA, as furnished in § 228.fifteen.
implies a shut-stop dwelling home finance loan loan or an open up-stop residence mortgage loan loan as these conditions are outlined In this particular part.
(B) A bank aside from a considerable bank may possibly involve a community advancement expert services part and accompanying annual measurable targets in its prepare.
The Board evaluates The supply and use of a lender's deposit items conscious of the wants of low- and reasonable-income men and women, people, or households as follows:
(i) Impedes its ability to perform in a satisfactory stage beneath the prepare, for instance monetary constraints due to important functions that affect the area or countrywide financial system; or
(1) For banks that maintain a web site, all data necessary for your bank's general public file beneath this segment should be managed within the financial institution's website.