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#139561 - 12/15/03 09:29 PM CRA/HMDA Reporting and Terms
Anonymous
Unregistered

Are CRA Loans with terms less than 90 days reportable?

Is there a source that I could research this...Many thanks!

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CRA
#139562 - 12/15/03 09:34 PM Re: CRA/HMDA Reporting and Terms
Don_Narup Offline

Power Poster
Joined: Jul 2001
Posts: 3,708
Las Vegas Nevada
If you originated a 60 day note to a Small Business and they paid it off it would be reportable. If you made a 36 mo note to a Small Business and they paid it off in less than 90 days its reportable.

The maturity or payoff date has nothing to do with whats reported for CRA purposes.
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#139563 - 12/15/03 09:50 PM Re: CRA/HMDA Reporting and Terms
Anonymous
Unregistered

Thanks Don...

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