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#2254452 - 05/26/21 05:44 PM Participating Consumer Loans
Banker75 Offline
Member
Joined: Oct 2015
Posts: 93
We've had a bank ask us to participate a consumer real estate loan as they are at their legal limit and my President and CLO both would like to move forward on this but I have been asked by others to double check that this is something we can do. I understand this is normal on the commercial side but we've never participated a consumer real estate loan before. The other bank, due to legal limits, wants to keep 20% with us taking on the 80%. Is this allowed?

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Lending Compliance
#2254455 - 05/26/21 06:25 PM Re: Participating Consumer Loans Banker75
RR Sarah Offline
Diamond Poster
RR Sarah
Joined: Mar 2004
Posts: 2,471
Up North
Yes, we participate in real estate loans for a smaller community bank that faces the same lending limit issues.
_________________________
Sometimes you have to burn a few bridges to keep the crazies from following you.

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#2254458 - 05/26/21 06:36 PM Re: Participating Consumer Loans Banker75
Banker75 Offline
Member
Joined: Oct 2015
Posts: 93
Thank you for letting me know. I was trying to research and could not find anything that said we couldn't but was asked by others to confirm so I will pass this on. Thank you again!

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