When you gather data to report for CRA, do you nearly exclusively use call report codes 1e1, 1e2, and 4 for small business and 1b and 3 for small farm?
I think we may have gotten too complicated in how we gather what loans to report. Unless it is a community development loan, it would have to be one of those 5 call report codes, correct?
In other words, all CRA Loan type 1 - Small Business loans MUST have a call report code of either 1E1, 1E2, or 4 as the call report defines them. (assuming the original loan amount is $1MM or less, of course) Am I thinking through this correctly?
Any ideas on how you collect that data is also welcome