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#2301434 - 09/09/24 05:21 PM Can an assumption of a loan be a CDL?
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We have a borrower who was in financial trouble that sold their entity to a 3rd party. The bank allowed the 3rd party to assume the original loan that had not yet matured. Can a loan assumption be a CDL (provided the appropriate hook is there) or would it have to wait until the loan actually matured to be re-reviewed?
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#2301935 - 09/24/24 02:51 PM Re: Can an assumption of a loan be a CDL? Red Raiders
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Just wanted to bump this to see if I could get a response.
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