Line renewal start a 30 day Reg B clock?

Posted By: Soccer

Line renewal start a 30 day Reg B clock? - 04/28/16 05:14 PM

Would the annual renewal of a commercial line of credit start a 30 day clock for reg B? We send the borrower a letter letting them know their line is coming due and to please send their current financial information for review in order to renew line.
Posted By: rlcarey

Re: Line renewal start a 30 day Reg B clock? - 04/29/16 01:14 AM

If you receive their financial information, I would say that starts your clock.