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December 3, 2014
Overdrafts: Latest Regulatory Feedback, Guidance & Best Practices Webinar
David Dickinson and Jerod Moyer

December 4, 2014
Freebies, Bonuses and Contests
John Burnett and Andy Zavoina

December 9, 2014
Bankruptcy: Creditor Do's and Don'ts
Sam Ott

December 10, 2014
Branch Audits: What Is Going On Out There?
Patricia Cashman

December 11, 2014
Setting up New Accounts for Trusts
Mary Beth Guard

December 17, 2014
Integrated Disclosures - An Implementation Strategy
Mary Beth Guard and Jack Holzknecht

December 18, 2014
Loan Review Best Practices for a Community Bank
Bob Fritzlan

December 19, 2014
PREPAID PRODUCTS - Understanding the CFPB Proposal
John Burnett



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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: 10390
Loc: Curled up by the fire...
I would report it.
_________________________
Take responsibility for your life.

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