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#988473 - 07/07/08 02:25 PM Recinded loan
#Just Jay Offline
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#Just Jay
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
How would you report a loan that was recinded within the recession period? "Approved, but not accepted" is what I am leaning to.
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#988474 - 07/07/08 02:27 PM Re: Recinded loan #Just Jay
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
You have the option to report it as an origination or as an approved but not accepted. See page D-11 of the GIR.
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#988495 - 07/07/08 02:42 PM Re: Recinded loan Dan Persfull
#Just Jay Offline
10K Club
#Just Jay
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
Failed to read far enough into the staff commentaries... thanks Dan!
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