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#1855965 - 09/26/13 05:36 PM Can we report the increase??
bnkgrl77 Offline
Junior Member
Joined: Mar 2012
Posts: 30
Illinois
Hello,

We have a CRA situation where we originated a small farm loan for $500,000 in June of this year. This month we are renewing the loan and adding an additional $500,000. Are we able to report the increase of $500,000 even though the total amount of the loan is more than is allowed for a small farm loan? (When it comes around again, we would not report..)

Thank you!

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#1856913 - 09/30/13 04:07 PM Re: Can we report the increase?? bnkgrl77
ComplianceNerd Offline
Gold Star
Joined: Nov 2011
Posts: 381
Texas ...
It's been a while since I've done CRA reporting but from what I can remember, the answer is No since it's over the threshold.
_________________________
Can't is not an option.

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