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#1239611 - 08/26/09 05:31 PM Abundance of Caution
JUST CALL ME CRA Offline
100 Club
Joined: Aug 2002
Posts: 133
SOMEWHERE
If I understand correctly, loans to non-profits secured by real estate must be reported as small business loans. Is that still true if the real estate was taken as abundance of caution.
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#1239980 - 08/26/09 10:45 PM Re: Abundance of Caution JUST CALL ME CRA
bubs63 Offline
Platinum Poster
bubs63
Joined: May 2003
Posts: 665
Highland Park IL
There is no such thing as abundance of caution. The Reg says there is, but in practice the exmainers don't. So the loan would be reportable unless the real estate is residential real estate. Than it may be HMDA reportable.
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