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A bank that's not a bulk vehicle lender may decide to possess automobile loans evaluated below this part.(2) A nonmetropolitan middle-cash flow census tract is designated as underserved if it meets the standards for inhabitants sizing, density, and dispersion that point out the realm's population is sufficiently tiny, skinny, and distant from a inhabitants center the census tract is probably going to get trouble funding the set expenditures of Assembly vital Local community desires.
An amendment into a prepare should comply with all related requirements of this segment, Until the Board waives a need as not relevant.
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(6) A lender's shut-stop residence house loan lending, modest organization lending, small farm lending, or automobile lending in distressed or underserved nonmetropolitan middle-income census tracts where by a financial institution's nonmetropolitan facility-dependent assessment area or nonmetropolitan retail lending assessment region incorporates only a few or no small- and average-cash flow census tracts; and
The Board utilizes the retail lending evaluation locations delineated by a considerable bank in its evaluation of your bank's closed-close dwelling home loan lending and smaller business lending general performance Except if the Board decides which the retail lending evaluation areas tend not to adjust to the necessities of the portion.
(ii) From the prior two calendar several years, the bank originated or obtained exterior the financial institution's facility-primarily based evaluation areas more than fifty per cent of your lender's home home loan loans, multifamily loans, small enterprise loans, smaller farm loans, and car loans if auto loans are an item line with the lender, as explained in paragraph II.a.2 of appendix A to this section.
(1) A client loan is situated in the census tract in which the borrower resides at enough time the borrower submits the loan software;
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In Each and every relevant Retail Lending Examination Area, the Board evaluates originated and procured loans in Every single of the following product or service lines That could be a significant products line, as described in paragraph (d)(two) of the section:
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(B) Any counties during which the massive bank didn't originate any shut-stop dwelling house loan loans or little small business loans which have been documented loans during that calendar yr.
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(i) Impedes its capability to execute in a satisfactory stage under the program, for example economical constraints a result of substantial activities that influence the nearby or countrywide economic climate; or