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#2160967 - 01/18/18 10:08 PM Loan extension
Burgess Offline
Diamond Poster
Joined: Jan 2004
Posts: 1,621
at year end we did a loan extension for a loan that would qualify as a community development loan.
This year we will be renewing it.
So for our extension last year, can we report it as a community development loan for last year? (assuming it otherwise qualifies)
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CRA
#2168184 - 03/14/18 06:52 PM Re: Loan extension Burgess
compliancejunkie Offline
New Poster
Joined: Nov 2017
Posts: 11
I seem to be struggling with CRA.

This is probably a very basic question.

When the bank extends a loans maturity does the bank report the original note amount or the current balance at the time the renewal is approved?

Thanks to all!

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