§__.12(x) – 1
Q: What factors will the Agencies consider in determine whether an institution is in the business of extending home mortgage, small business, small farm, or consumer loans to retail customers?
A1. The Agencies will consider whether
- the institution holds itself out to the retail public as providing such loans.
- the institution’s revenues from extending such loans are significant when compares to its overall operations, including off-balance sheet activities.
A wholesale institution may make some retail loans without losing its wholesale designation as described above in Q&A §__.12(n) – 2.
Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016