Need input on two renewal scenarios:
1. Demand LOC comes up for annual renewal and is converted from a demend line to a hard maturity date. Is this a CRA reportable renewal? I'm thinking no since the term isn't actually extended.
2. Loan is modified to increase the loan amount but the term isn't extended, therefore not meeting the definition of a CRA renewal. Is this reportable? For example, if the note is modified from $75,000 to $100,000 but the term stays the same, is it reportable and what amount do I report?
Thanks in advance!