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#1485270 - 12/24/10 02:49 PM loan amt. to report
Trees Offline
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Let suppose we did a new term loan for low income housing in 2008 for $4 million. Still on the books today for $3 million. For the 2009-2010 CRA exam, I report the $3 million, right?

Lets say we added another million to the loan above in 2010. I report 3 million + 1 million for 4 million or 1 million?

Let say we offered a line of credit for a development loan in 2008 for $2 million. renewed again in 2009. Report $2 million for 2009? Lets say we added another million to the amount avail in 2009. report $2 million + $1 million for $3 million or just $1 million?

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#1485447 - 12/24/10 05:13 PM Re: loan amt. to report Trees
bOaty Offline
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bOaty
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Chillin an grillin
Trees, are you extending the maturity date at all?

If so, you would report the entire amount of the loan/line on the note.

If the maturity date is not extended at all, I would report the amount of the increase only.
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#1485468 - 12/24/10 05:28 PM Re: loan amt. to report Trees
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Originally Posted By: Trees
Let suppose we did a new term loan for low income housing in 2008 for $4 million. Still on the books today for $3 million. For the 2009-2010 CRA exam, I report the $3 million, right?

Lets say we added another million to the loan above in 2010. I report 3 million + 1 million for 4 million or 1 million?

Let say we offered a line of credit for a development loan in 2008 for $2 million. renewed again in 2009. Report $2 million for 2009? Lets say we added another million to the amount avail in 2009. report $2 million + $1 million for $3 million or just $1 million?


You say "reporting for the exam". Do you mean your annual submission, or to present to regulators during an actual exam. Two different things.

For the annual submission, a loan made in 2008 is reported for 2008. If you refinance or renew it, or add new money, you would report that activity in the year that happens.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1485582 - 12/24/10 07:09 PM Re: loan amt. to report Kathleen O. Blanchard
Trees Offline
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Joined: Apr 2005
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actual exam, that will be coming up this Spring and will cover 2009 and 2010. We are an ISB.

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#1485602 - 12/24/10 08:38 PM Re: loan amt. to report Trees
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
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For an exam you show them everything you have still on the books and what you have that is new since last exam, A list with origination dates, dates renewed, dates new money added and balance at those dates and current balance at each year end and time of exam is needed.

You also include anything that was on the books during the exam period but might now be paid off.

Of course include a description of purpose, why it qualifies for CD credit, etc.

_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1485655 - 12/27/10 03:01 PM Re: loan amt. to report Kathleen O. Blanchard
Trees Offline
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Joined: Apr 2005
Posts: 4,013
Thanks for the clarification. I can't wait!

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