Skip to content
BOL Conferences
Thread Options
#1861512 - 10/15/13 06:14 PM negative pledge collateral
swthomeala Offline
Junior Member
Joined: Oct 2005
Posts: 39
Georgia
I have a purchase of a 1-4 family rental property that is being secured by a negative collateral pledge of another 1-4 family property. This is CRA reportable correct? I know it is not HMDA because negative collateral is the same as unsecured.
_________________________
swthomeala

Return to Top
CRA
#1861522 - 10/15/13 06:30 PM Re: negative pledge collateral swthomeala
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
CRA reportable as what? If the loan is business purpose, and falls into the designated areas of the call report (and I have not gone to check where a negative pledge falls, probably unsecured) it would probably be small business if $1million or less.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1861775 - 10/16/13 03:14 PM Re: negative pledge collateral swthomeala
swthomeala Offline
Junior Member
Joined: Oct 2005
Posts: 39
Georgia
thanks
_________________________
swthomeala

Return to Top