CRA and Reporting Subsequent Loan Renewals
Issue/Inquiry
The Bank originated a small business loan in 2011, which was reported on the CRA Loan Register (“CRA LR”). Subsequently, the loan term was extended and then, later that same year, the loan was modified and new money with a sum of $33,000 was provided. Should the term extension and the new money have been reported on the CRA LR?
Continue Reading…