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#2306555 - 02/26/25 01:29 PM Reporting loan term for construction loans
Compliance Nut Offline
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Joined: Feb 2016
Posts: 246
When reporting the loan term for construction loans, is it necessary to report any extensions to the construction phase. Or, just report the term as of the time of closing?

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#2306556 - 02/26/25 01:50 PM Re: Reporting loan term for construction loans Compliance Nut
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 85,420
Galveston, TX
If the loan is not temporary or otherwise excluded from reporting, the term would be to the original maturity date regardless of any provisions that may allow for extensions.
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