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#2266690 - 02/22/22 07:06 PM purchase definition
ADN Offline
100 Club
Joined: Mar 2007
Posts: 205
We are new to CRA data reporting and trying to figure out what is meant by the word "purchase"? For example the reg uses the phrase in 228.42(a) "small farm or small business loans originated or purchased by the bank". Any specific guidance would be appreciated.

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#2266692 - 02/22/22 07:15 PM Re: purchase definition ADN
rlcarey Offline
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Joined: Jul 2001
Posts: 79,898
Galveston, TX
You mean other than you bought a loan from another creditor? I guess I am confused.
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