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#390045 - 07/25/05 03:50 PM CRA
Anonymous
Unregistered

I am in need of some help determining whether to report possible CRA loans when they are secured by vacant land.

The loan said that it is to purchase two lots to place mobile homes on them??? I would say this would not be reported? Thanks for the help.

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CRA
#390046 - 07/25/05 10:05 PM Re: CRA
COMPLIcated Offline
Diamond Poster
Joined: Mar 2003
Posts: 1,035
OK
Loans secured by vacant land are not reportable for CRA. The only loans secured by land that you would report for CRA would be loans secured by farmland.

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