#336908 - 03/22/0502:31 PMCRA Submission Info - Q300
COMPLIcated
Diamond Poster
Joined: Mar 2003
Posts: 1,035
OK
I received four errors on my CRA submission that are all coded Q300 - "Average loan amount of small business loans originated > $250k not <= $1 million". What does this mean and what am I supposed to do about it?
Actually this means that somewhere in those geographies you have entered a "small business loan" with an origination amount greater than $1 million. You should remove these loans and resubmit.