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#1606040 - 09/20/11 05:17 PM CTR Loan Payment Question
Newly Southerner Offline
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I had a customer who made a loan payment in cash over the CTR Amount.

The loan is under say for example ABC Inc. whose the borrower
and John Smith is the Guarantor.

John Smith made the loan payment to its loan account. My question is does ABC Inc. account info. go in section A and John Smith goes in Section B, the person who conducted the transaction on behalf of ABC Inc.

and account numbers affected should be the loan account number, correct?

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#1606086 - 09/20/11 05:54 PM Re: CTR Loan Payment Question Newly Southerner
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also if I do what i described above, I get the second page automatically with John Smith information on it again since he's the borrower. Do I need the second page with his information again when I already have him as the conductor?

anyone...

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#1606150 - 09/20/11 06:58 PM Re: CTR Loan Payment Question Newly Southerner
BSABecky Offline
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Seymour, IN USA
I'm confused; you say initially that ABC Inc is the borrower. Then you say in the second message that John Smith is the borrower. Is John a co-borrower? If so, then both their names would go into section A. If John is just the owner of ABC or the guarantor on the loan, he doesn't need to be in A. He should be listed in section B.
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#1606155 - 09/20/11 07:05 PM Re: CTR Loan Payment Question BSABecky
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I'm sorry for the confusion.

ABC is the Borrower and John is the Guarantor, who made the payment.

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#1606324 - 09/21/11 11:46 AM Re: CTR Loan Payment Question Newly Southerner
BSABecky Offline
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Okay, so then ABC should be the only client in part A; John would be in part B. smile
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#1606392 - 09/21/11 02:21 PM Re: CTR Loan Payment Question BSABecky
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thank you thank you thank you!!

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