Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums CRA Revocable Trust-(Farm loan)?
Thread Options
#544080 - 05/05/06 04:11 PM Revocable Trust-(Farm loan)?
Glo Offline
Gold Star
Joined: Jul 2005
Posts: 394
Arkansas
Would a Revocable Trust Loan with purpose to build a barn and secured by land be a CRA reportable loan? Thanks in advance!

Return to Top
CRA
#544081 - 05/05/06 04:33 PM Re: Revocable Trust-(Farm loan)?
Don_Narup Offline

Power Poster
Joined: Jul 2001
Posts: 3,708
Las Vegas Nevada
If the loan meets the criteria and is classified as a 1B or 3 on the banks call report its a reportable Small Farm loan.
_________________________
Compliance Analysis and Research - Software for your CRA/HMDA analysis needs

Return to Top
#544082 - 05/05/06 04:49 PM Re: Revocable Trust-(Farm loan)?
Glo Offline
Gold Star
Joined: Jul 2005
Posts: 394
Arkansas
Thanks a lot Don! Have a good weekend!

Return to Top

Moderator:  CRAatBOK, Kathleen O. Blanchard, Princess Romeo