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BankersOnline.com Forums Banker Forums Need to Remain Anonymous note- purpose unsecured, secured
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#1621077 - 10/27/11 06:46 PM note- purpose unsecured, secured
Anonymous
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Is there a Reg that has to do with the note purpose- that you should not have on the note "unsecured" as the purpose of the loan? Thanks

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#1621212 - 10/28/11 12:35 PM Re: note- purpose unsecured, secured Anonymous
Island Dreaming Offline
100 Club
Joined: May 2009
Posts: 233
midwest
For BSA purposes - all loans over $10,000 need a detailed purpose shown. Is this what you were thinking of?
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