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#319561 - 02/22/05 05:15 PM CRA SMALL BUSINESS DATA - OVERDRAFT PROTECTION
michellecc Offline
100 Club
michellecc
Joined: Sep 2003
Posts: 128
Southern New England
Is an overdraft protection program tied to a business checking account considered reportable for the CRA Small Business Data report?

Thanks.

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CRA
#319562 - 02/22/05 08:36 PM Re: CRA SMALL BUSINESS DATA - OVERDRAFT PROTECTION
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
Are you reporting them as small business loans on your call report?
_________________________
Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

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#319563 - 02/22/05 08:50 PM Re: CRA SMALL BUSINESS DATA - OVERDRAFT PROTECTION
Sisyphus Offline
100 Club
Sisyphus
Joined: Jun 2004
Posts: 214
Connecticut
Yes, they are reportable.
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Michele A. Johnson, Compliance Manager Integrated Compliance Solutions, LLC

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#319564 - 02/22/05 09:38 PM Re: CRA SMALL BUSINESS DATA - OVERDRAFT PROTECTION
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
I asked about the call report because the same terms would apply. We have non-profits in small business checking accounts who's overdrafts would not be reported, but we also have those that would be reported. If it's on the call report as a reportable line, it's reportable. If not...it's not.
_________________________
Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

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