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August 26
Keeping Bank Secrets: Things you Can Go to Jail for Telling;
Mary Beth Guard

September 8
Checkup for your RDC Program;
Susan Orr

September 10
Critical Issues on Certificates of Deposit;
Deborah Crawford

September 16
S.A.F.E. Act - Auditing for Compliance;
Patricia Cashman

September 22
FinCEN's Beneficial Owners Proposal: What It Can Mean for You;
Sonja Kriegsmann and John Burnett

September 23
Bankruptcy 101;
Sam Ott



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#1340555 - 02/09/10 04:55 PM Modification vs. Renewal
Busy body Offline
100 Club

Registered: 11/09/04
Posts: 160
Loc: Texas
I understand that the definition of a renewal for CRA is extending the term of the note, even if it is by means of a modification. However, we recently identified a commercial loan where the term was extended by only a couple of months as part of a workout agreement to bring the loan current. The due date is about 10 years from now, now extended by a couple of months. It just seems to defy logic to report this, yet it appears that we should. Thanks in advance for any input.

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CRA
#1340823 - 02/10/10 10:12 AM Re: Modification vs. Renewal [Re: Busy body]
Mrs. Rizzo Offline
10K Club

Registered: 03/07/06
Posts: 10385
Loc: Curled up by the fire...
I would report it.
_________________________
Take responsibility for your life.

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