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#595538 - 08/09/06 02:36 PM Report Assumptions?
LJones Offline
100 Club
LJones
Joined: Apr 2006
Posts: 156
Under CRA, should a small business asssumption loan be reported?

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#595539 - 08/09/06 03:26 PM Re: Report Assumptions?
Don_Narup Offline

Power Poster
Joined: Jul 2001
Posts: 3,708
Las Vegas Nevada
IMO No, Unless the loan was renewed with new origination date, or new funds advanced, or rewritten with a new account number, there is nothing to report as nothing has changed that is reportable.
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#595540 - 08/09/06 03:37 PM Re: Report Assumptions?
LJones Offline
100 Club
LJones
Joined: Apr 2006
Posts: 156
Thank you, Don!

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