Beginning on page I-26 of the 2020 GIR
5. Purchased loans.
i. A financial institution is required to collect data regarding covered loans it purchases. For
purposes of § 1003.4(a), a purchase includes a repurchase of a covered loan, regardless of
whether the institution chose to repurchase the covered loan or was required to repurchase
the covered loan because of a contractual obligation and regardless of whether the
repurchase occurs within the same calendar year that the covered loan was originated or in
a different calendar year. For example, assume that Financial Institution A originates or . . . . .
Search the GIR using repurchase as the search term.
The opinions expressed are mine and they are not to be taken as legal advice.