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#1536817 - 04/18/11 04:54 PM include loan or not in micro data report
Trees Offline
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Joined: Apr 2005
Posts: 4,013
We are putting together some reports for the CRA examiner. these are microdata reports which we don't have to do, as an ISB, but which we have provided in the past....we found the program and the description of the fileds, etc.

In reviewing the info inported from our Core system, loans that were booked in the year but that paid off months later, are not being picked up. I thought as long as we had a loan on our books for some time, lets say during 2009, that we could report it even though it had paid off the same year.
Please confirm. (I can't remember where I can find the response to this type of question). Thanks!

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CRA
#1536839 - 04/18/11 05:04 PM Re: include loan or not in micro data report Trees
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Yes, for CRA even short term loans are included.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1536861 - 04/18/11 05:20 PM Re: include loan or not in micro data report Kathleen O. Blanchard
Trees Offline
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Joined: Apr 2005
Posts: 4,013
Yeah!!!

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