We have a line of credit that matured. We renewed it but changed it to open ended, instead of having a new maturity date. We reported this line because a MOD was signed. In the future we will "review" the line, but because with the open ended feature of the loan there will be no "New" maturity (or signed MOD agreement) so we will not report the loan beyond this most recent renewal
An examiner is telling me I should NOT have reported the line when it was extended because quote: "A reportable small business loan should have a maturity date."

I don't recall EVER hearing that before. I don't see it in the Q & As or in the guide to reporting CRA data. Am I missing something?

"An examiner is telling me I should NOT have reported the line when it was extended because quote: "A reportable small business loan should have a maturity date.""

Time to ask them for a citation.

Small business loans that are (1) originated, (2) refinanced or (3) renewed are reportable under CRA. A refinanced loan is a loan that pays in full an existing loan and a renewed loan is one that has its maturity date extended. Demand loans are typically not qualified as a renewals after they are originated even though it's common practice in secured revolving lines of credit using loans callable on demand because the "renewal" technically does not extend the maturity date since the loan is callable on demand. There is a once per year per loan limitation too.

I agree with what you are say Len, but it this case the loan didn't start off as a demand loan. It had a maturity date. AS that date was coming due soon, we renewed the loan by extending it....but that extension turned the loan into a demand loan.
I'm saying I can claim this renewal because the prior term was about to expire.
Going forward I would not be able to claim this loan again because in the future it would just be a review.

Not Len, but I agree with you. I do think that is what he was getting at though. It was going to be a one and done renewal.

I agree.