Skip to content
GeoDataVision
Thread Options
#1594500 - 08/19/11 11:19 PM Tabular Format On Statements For Open-End Loans?
Compliance Poster Offline
Gold Star
Joined: Sep 2001
Posts: 413
I realized that certain items have to be grouped together on periodic statements for open-end lines (and the model forms show them in a tabular format). Is there an actual requirement in the regulation, however, to surround the grouped items in a tabular format?

Return to Top
Lending Compliance
#1844374 - 08/21/13 12:43 PM Re: Tabular Format On Statements For Open-End Loans? Compliance Poster
KMK Offline
Member
Joined: Jan 2008
Posts: 72
Pennsylvania
bump. anyone provide an answer to this question?

Return to Top
#1844378 - 08/21/13 12:59 PM Re: Tabular Format On Statements For Open-End Loans? Compliance Poster
James M. Moore Offline
100 Club
James M. Moore
Joined: Jul 2013
Posts: 110
Georgia
The regulation, generally, speaks to substantial similar to the examples given in Appendix G. Substantially similar, from an examiner standpoint, is often meant to be the same. There is a small amount of wiggle room, but I would not stray from the example. IMHO smile
_________________________
James M. Moore, CRCM
My postings are not legal advice and may not be endorsed by my employer.

Return to Top

Moderator:  Andy_Z