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#2149171 - 10/09/17 06:08 PM Primary Res removed as Collateral
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
Fairly new to this CRA game as a large reporter. If we have a business loan that was originally secured by a primary residence, not for abundance of caution, and some time after consummation the primary residence was removed from the collateral, would we be able to report it for CRA?
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#2149293 - 10/10/17 06:51 PM Re: Primary Res removed as Collateral Bec
RR Jen Offline
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RR Jen
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Running and riding everywhere ...
Are you renewing/modifying/extending this loan?
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#2149294 - 10/10/17 06:55 PM Re: Primary Res removed as Collateral Bec
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
Not in conjunction with the mortgage release. But it was renewed in the same calendar year.
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