We had two PPP loans with loan amounts less than $500. I know for HMDA, loans less than $500 are not reportable, as they would be rounded down to $0. However, I've looked through the CRA Q&As and the reporting guide, and couldn't find a similar exemption for CRA. It makes sense not to report, because the amount would be $0, but I guess they didn't think this situation would ever come up. Any advice?
All opinions are my own, not my employer's