Reg U Form U-1

Posted By: beegee

Reg U Form U-1 - 02/19/19 07:47 PM

Is the U-1 required at renewal? or just at origination?
Posted By: rlcarey

Re: Reg U Form U-1 - 02/19/19 08:07 PM

221.3(h)Renewals and extensions of maturity. A renewal or extension of maturity of a credit need not be considered a new extension of credit if the amount of the credit is increased only by the addition of interest, service charges, or taxes with respect to the credit.