Skip to content
BOL Conferences
Thread Options
#1493574 - 01/11/11 10:31 PM Reportability Question - Farm Loans
Loynograd Offline
100 Club
Joined: Jan 2008
Posts: 124
I am conducting a review of my Bank's Loan Register for 2010.

I have two farm loans (to purchase land).
1) A government program loan for $225,000.
2) A Bank loan for $331,000.

Is it acceptable to report both transactions? I thought that I read somewhere about it being inappropriate to structure transactions in a way that would make an otherwise other non- reportable transaction CRA reportable. That is not entirely the case here, but I could see how someone could misunderstand this situation.

Thanks for any advice in advance.

Last edited by loynograd; 01/11/11 10:34 PM.
Return to Top
CRA
#1493603 - 01/11/11 11:37 PM Re: Reportability Question - Farm Loans Loynograd
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
I see no problem with this. The loans are separate for valid reasons, not because the bank intentionally split them to stay under the reporting limit for small farm.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top