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#1698371 - 05/10/12 07:37 PM CTR - Loan Payment - Box 36?
Anonymous
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If a customer makes a loan payment requiring a CTR for Part II would we mark box 36 for "other" and put loan payment or would this be box 34?

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#1698398 - 05/10/12 08:05 PM Re: CTR - Loan Payment - Box 36? Anonymous
Dani York, CRCM Offline
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Dani York, CRCM
Joined: Apr 2005
Posts: 3,663
TN
On the old CTR form, I always marked other and typed loan payment. On the new BSA CTR form in efiling, there is a separate line for "payments".
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#1698430 - 05/10/12 08:41 PM Re: CTR - Loan Payment - Box 36? Dani York, CRCM
kw004h Offline
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Chicagoland, IL
Do you process a loan payment as a "deposit" to a loan account? If so, you could check the "deposit/withdrawals" and indicate the loan account number.

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#1698625 - 05/11/12 02:38 PM Re: CTR - Loan Payment - Box 36? Anonymous
John Burnett Offline
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John Burnett
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Cape Cod
No, you cannot consider it a deposit for the purposes of the CTR. Using the current Form 104, it's box 36 and "loan payment" as the explanation. As noted, the new e-filing CTR has a "payment" option you should select.
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#1698628 - 05/11/12 02:45 PM Re: CTR - Loan Payment - Box 36? Anonymous
kw004h Offline
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Joined: Nov 2009
Posts: 219
Chicagoland, IL
Thanks for the correction, John!

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