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#1981385 - 12/05/14 08:20 PM Community Development or Small Business Loan
B_F Offline
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B_F
Joined: Nov 2006
Posts: 7,228
Cincinnati, OH
Someone recently told me that you can't have a loan that would qualify as a small business loan on your CRA LAR qualify as a community development loan. I'd heard that you could, as long as you did not report it as a small business loan on the LAR?

Anyone have more info on this situation?

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CRA
#1981432 - 12/05/14 09:35 PM Re: Community Development or Small Business Loan B_F
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Is your bank an ISB? They can pull from. Small business to CDL. The q and a discuss this. Otherwise you can point them out but they must be small business.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1981642 - 12/08/14 06:45 PM Re: Community Development or Small Business Loan B_F
B_F Offline
Power Poster
B_F
Joined: Nov 2006
Posts: 7,228
Cincinnati, OH
Nope, not an ISB. That's why I knew it wasn't right for me smile I'm not losing it, or missing something that was targeted to me.

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