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#2042311 - 10/02/15 08:34 PM CRA - Commercial Boat Loan
Breeco Offline
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Breeco
Joined: Aug 2014
Posts: 95
Nebraska
What do we use for the CRA address on a boat purchase [equipment] when the main office of the business is inland? Port address, slip address, retail shop on the water address, etc. Or maybe I should ask if we can use the inland address if there is no other address?

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CRA
#2042337 - 10/02/15 09:51 PM Re: CRA - Commercial Boat Loan Breeco
Pale Rider Offline
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Pale Rider
Joined: Aug 2002
Posts: 34,318
under the Lone Star
Your choice, just be consistent. I believe our bank would use the main office of the customer.
_________________________
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.


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#2042338 - 10/02/15 09:56 PM Re: CRA - Commercial Boat Loan Breeco
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
The reg says you choose (be consistent, not pick and choose loan by loan) between main business office address or "use of proceeds" address - and you could pick what "proceeds" address is for the boat. You might find that those three (port, slip, shop) are in same tract.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#2043035 - 10/07/15 02:20 PM Re: CRA - Commercial Boat Loan Kathleen O. Blanchard
Breeco Offline
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Breeco
Joined: Aug 2014
Posts: 95
Nebraska
Thank you!

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