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#714295 - 04/10/07 08:45 PM C.R.E.C.
Georgia Golfer Offline
Gold Star
Georgia Golfer
Joined: Jun 2003
Posts: 415
1st Tee
Has anybody ever heard of this acronym? A Sr. state examiner stopped in to see the president of the bank & said they were also wanting to see monthly reports to the board & kept using this acronym. The prez wasn't very clear on the acronym & the best he could remember it had to do with real estate loans broken down into real estate catagories from the call report & construction loansby builder and the locations of the loans, whether they are located in the same subdivision or not. I've never heard of this acronym, we report lending info based on catagory, but nothing with builders. I'd like a cite to the state statute that discusses this. Thanks

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#714778 - 04/11/07 06:03 PM Re: C.R.E.C. Georgia Golfer
SavannahOne Offline
Diamond Poster
Joined: Sep 2005
Posts: 1,163
Georgia
CREC: Commercial Real Estate Concentrations. The final guidance was issued in December 2006.

http://a257.g.akamaitech.net/7/257/2422/01jan20061800/edocket.access.gpo.gov/2006/pdf/06-9630.pdf

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