We've had a bank ask us to participate a consumer real estate loan as they are at their legal limit and my President and CLO both would like to move forward on this but I have been asked by others to double check that this is something we can do. I understand this is normal on the commercial side but we've never participated a consumer real estate loan before. The other bank, due to legal limits, wants to keep 20% with us taking on the 80%. Is this allowed?
Thank you for letting me know. I was trying to research and could not find anything that said we couldn't but was asked by others to confirm so I will pass this on. Thank you again!