WebA bank may receive CRA consideration for purchases of small business, small farm, or home mortgage loans originated by a CDFI to low- or moderate-income borrowers in the bank’s assessment area(s). These loans are considered under the retail portion of the lending test for large banks and the lending test for small banks and intermediate small Webthat meet relevant CRA requirements. Specifically, small busi ness loans, including Main Street Lending Program loans, in amounts of $1 million or less to for-profit businesses, or to nonprofit organizations that are secured by nonfarm, nonresidential real estate, are reported and considered as small business loans under the applicable CRA ...
CRA Small Bank Compliance Guide - occ.treas.gov
Webbusiness, or a CRA eligible small farm are qualifying activities. Loans located in Indian Country also qualify. Finally, loans to small businesses and small farms located in LMI census tracts qualify. • CD Loans, Investments, and Services5 – o Affordable Housing: Loans that provide affordable housing, WebWe qualify for CRA due to our asset size. However, in 2024 we had under 100 small business loans, this year so far in the first quarter only 1. In 2024 we did 500 PPP, so what would be my scenario as far as reorting. ... Small business definition—(1) Small business has the same meaning as the term “small business concern” in 15 U.S.C. 632 ... alberghiero afragola
Federal Reserve Board - CRA Analytics Data Tables
WebJun 8, 2024 · A consumer loan is defined as a loan to individuals for household, family, and other personal expenditures other than overdraft plans and includes revolving credit not accessed by credit cards, automobile loans, and any other loan for household, family and personal expenditures including low-cost education loans but excluding loans secured … WebFederal Financial Institutions Examination Council WebOct 1, 2024 · The rule provides that the dollar figure in the small bank definition shall be adjusted annually and published by the OCC, based on the year -to-year change in the average of the consumer price index for urban ... CRA-eligible businesses and CRA-eligible farms and small loans to businesses and farms in LMI census tracts. • Partial credit for ... alberghiero a fiumicino