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#2266690 - 02/22/22 07:06 PM purchase definition
ADN Offline
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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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rlcarey
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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