CTR on Cash Loan Payment

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Question:

For a joint loan, if the husband comes in to pay off the loan in cash (over $10,000), would the CTR have to show all parties on the loan or only the one making the cash payment?

Answer:

Since all parties benefited from the loan payment, list all borrowers on the loan. This is similar to the rule concerning deposits to joint accounts.

First published on BankersOnline.com 2/15/10