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#323487 - 02/28/05 05:09 PM dollar threshhold
Anonymous
Unregistered

we're new to large bank cra reporting and we don't do many business loans at all

however, when looking for errors on my cra lar, there are two loans we did, one fore 2 million and another for 1.6 million

are these too large to be reported as small business loans?

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#323488 - 02/28/05 05:24 PM Re: dollar threshhold
Don_Narup Offline

Power Poster
Joined: Jul 2001
Posts: 3,708
Las Vegas Nevada
Yes Small Business loans are reported at $1 Million or Less
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#323489 - 02/28/05 06:35 PM Re: dollar threshhold
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
While you may not do many, it's obvious you have a disconnect on what's reportable. As Don pointed out, those two are not reportable, but how many others did you report that shouldn't be reported, and how many did you miss? There is more to it than just the dollar amount.

I'd spend some time reading:

http://www.ffiec.gov/cra/guide.htm

Not very many does not mean you get to be "not very accurate".
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