Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums CRA Original or Renewed Loan Amount
Thread Options
#2151436 - 10/27/17 03:57 PM Original or Renewed Loan Amount
iLovetheVols, CRCM Offline
Member
Joined: Sep 2014
Posts: 66
Texas
CRA Small business/small farm loan qualification question using a hypothetical example:

Closed-end Commercial and Industrial Loan that gets renewed each year. In 2012 the loan was originated at $5 million (not CRA reportable). Each year, the borrower pays off $1 million and we renew for the outstanding principal balance. In 2013, renewed for $4MM; $3MM in 2014; $2MM in 2015; and $1MM in 2016.

Can we report the loan as a CRA small business loan in 2016 when the renewal amount reached the small business loan amount threshold? Or do we have to base our reporting off the original commitment amounts ($5MM in this case)?

Thanks so much!

Return to Top
CRA
#2152433 - 11/06/17 09:34 PM Re: Original or Renewed Loan Amount iLovetheVols, CRCM
bOaty Offline
Power Poster
bOaty
Joined: Aug 2006
Posts: 4,266
Chillin an grillin
I would report it.
_________________________
HMDAHMDAHMDAHMDAHMDAHMDA

Return to Top
#2156095 - 12/05/17 08:54 PM Re: Original or Renewed Loan Amount iLovetheVols, CRCM
TryingtoComply Offline
Diamond Poster
Joined: Apr 2013
Posts: 2,285
The West
Use the balance at renewal.
_________________________
TryingToComply
CRCM

Return to Top

Moderator:  CRAatBOK, Kathleen O. Blanchard, Princess Romeo