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#2298757 - 06/26/24 03:44 PM Collateral Taken as An Abundance of Caution
Hollie Dyson Offline
New Poster
Joined: May 2024
Posts: 2
Are small business/small farm loans that would otherwise qualify as CRA reportable, but have collateral taken only as an abundance of caution reportable on the loan register? Does anyone have any insight on this?

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#2298780 - 06/26/24 07:19 PM Re: Collateral Taken as An Abundance of Caution Hollie Dyson
Len S Offline
Diamond Poster
Joined: Oct 2004
Posts: 2,137
Connecticut
You are correct. You must be a veteran CRA officer!

BTW, I assume that when you refer to collateral you are talking about residential property. There's no question regarding AR or Inv, or any other type of collateral, right?
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