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#546266 - 05/10/06 11:17 PM purchase of participated loan
In the middle of it Offline
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In the middle of it
Joined: Oct 2000
Posts: 276
Central US
We've purchased a reportable small business loan from another bank that already had participation agreements in place with three other banks. So we are now the lead bank. Do we follow the purchased loan rule and report this at the original loan amount?

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CRA
#546267 - 05/10/06 11:48 PM Re: purchase of participated loan
Don_Narup Offline

Power Poster
Joined: Jul 2001
Posts: 3,708
Las Vegas Nevada
IMO yes
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