We have a small business loan for $200k in early 2008, but then it was renewed and increased to $300 in mid year 2008.

So, per the Q&A, we can report it as a $300k loan for one line entry, correct? Do we use the 2nd date as Action Date?

At my bank, we would report the loan twice. Once in early 2008 IAO $200k and then we would report it in mid-2008 IAO $100K.

IMO if you were only going to report it once, then I would use the later date (mid-2008) and report the entire amount, $300k.

FWIW, our bank reports the same way; the original loan amount and date and then the increase amount and date of increase.

<----Does the same as AJCCRA and DC