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#1029406 - 08/27/08 08:23 PM Renwal Lines of Credit
HMDA Specialist Offline
Member
Joined: Mar 2008
Posts: 79
Hi:

If I have an existing obligation and the customer only paid interests until the maturity date, and, this date the institution estended the maturity for this line of credit, it is considered as an origination, and it this reportable for CRA?

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CRA
#1029408 - 08/27/08 08:24 PM Re: Renwal Lines of Credit HMDA Specialist
HMDA Specialist Offline
Member
Joined: Mar 2008
Posts: 79
Sorry extended the maturity date

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#1029421 - 08/27/08 08:34 PM Re: Renwal Lines of Credit HMDA Specialist
Mrs. Rizzo Offline
10K Club
Mrs. Rizzo
Joined: Mar 2006
Posts: 10,392
Curled up by the fire...
If it's the first time you are reporting it this year, yes.
_________________________
Take responsibility for your life.

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