Posted By: Newly Southerner
CTR Loan Payment Question - 09/20/11 05:17 PM
I had a customer who made a loan payment in cash over the CTR Amount.
The loan is under say for example ABC Inc. whose the borrower
and John Smith is the Guarantor.
John Smith made the loan payment to its loan account. My question is does ABC Inc. account info. go in section A and John Smith goes in Section B, the person who conducted the transaction on behalf of ABC Inc.
and account numbers affected should be the loan account number, correct?
The loan is under say for example ABC Inc. whose the borrower
and John Smith is the Guarantor.
John Smith made the loan payment to its loan account. My question is does ABC Inc. account info. go in section A and John Smith goes in Section B, the person who conducted the transaction on behalf of ABC Inc.
and account numbers affected should be the loan account number, correct?