Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network



March 24, 2015
Maze of Debit Card Compliance
Brian Crow

March 25, 2015
Appraisals and Evaluations: Performing Internal Compliance Reviews
Eric Collinsworth

March 30, 2015
Cybersecurity: Third Party Resilience – What the FFIEC Wants You to Know
Susan Orr

April 2, 2015
Fair Lending Hot Topics – Don't Get Burned!!
Patricia Cashman

April 7, 2015
Building a BSA Training Program
Deborah Crawford

April 8, 2015
Advertising Compliance
David Dickinson



Topic Options
#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.

Top
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.

Top