Could someone please help me to understand the following?
The CRA Data Colletion & Reporting Guide, Appendix B, (page 47, top of third column) reads:
"EXCLUDE from commercial and industrial loans:
(1) Loans secured by real estate, even if for commercial and industrial purposes (report in Schedule RC-C, part 1, item 1)."
However, the CRA Loan Data Collection Grid created by the FRB-Dallas, reads that we should include them. I'm specifically referring to Page 2, Loans Made to For-Profit Entities.
Second table, Non-Residential Real Estate Secured. It states:
"Permanent loan to a for-profit entity secured by nonresidential real estate and equal to or less than $1 million.*"
This is marked that it is considered a small business loan, meaning it would be CRA reportable.
Help!