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#2075483 - 04/25/16 04:44 PM Ag Purpose
George Offline
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Joined: Apr 2016
Posts: 364
I am pretty sure I know the answer, but would appreciate some feedback. Loan info is as follows:

- Cash out on investment property
- Proceeds are for Ranch expense and purchase Livestock
- From what I can tell, there is no previous loan that is being rolled into this one

Would this be reportable? Thank y'all in advance!

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#2075487 - 04/25/16 04:53 PM Re: Ag Purpose George
RR Becca Offline
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RR Becca
Joined: Sep 2004
Posts: 5,249
out of the frying pan...
I would say no.
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#2075501 - 04/25/16 05:08 PM Re: Ag Purpose George
SMQ, CRCM Offline
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Posts: 4,828
Between the lines
Since it does not appear to be a refi, I agree that it would not meet the reporting requirements.
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