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#2155831 - 12/03/17 04:58 PM Loan modification-interest only to payments
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,115
The Great White North
Loan modification, no new note or anything, to change the note from interest only payments to fully amortizing. Would this modification be reportable for CRA purposes if it qualified for small business?
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CRA
#2155901 - 12/04/17 05:13 PM Re: Loan modification-interest only to payments Bec
GuitarDude Offline
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GuitarDude
Joined: Nov 2004
Posts: 5,925
So Cal
It sounds like this modification is not reportable. It would be reportable only if the maturity is extended and/or the loan amount is increased (and total loan amount is still $1MM or less).
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