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#851977 - 11/08/07 11:12 PM Call Report Question
CRAZEEEE Offline
Member
Joined: Jul 2006
Posts: 60
Southern California

Can anyone help me with this scenario -
For a business line of credit under $1mm for the purpose of short term working capital requirements, that is secured by land (not currently under development), can someone tell me how they would classify this loan on the call report? We currently have it classified on line 4 or 4a, but I'm not sure that this is correct.

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#851979 - 11/08/07 11:15 PM Re: Call Report Question CRAZEEEE
CRAatBOK Offline

Power Poster
Joined: Mar 2004
Posts: 6,172
Further South than I wanna be.
If there is RE involved it cannot be a 4. It specificly excludes RE as collateral.
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#852070 - 11/09/07 01:41 PM Re: Call Report Question CRAatBOK
RR Becca Offline
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RR Becca
Joined: Sep 2004
Posts: 5,249
out of the frying pan...
Ditto KC. I believe we would put it under 1a, but would need more detail to be sure.
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