I’d still report both, regardless if it’s about to pay off. If the 2nd loan purpose was refi + purchase then yes, I’d report it as a purchase. Check in the GIR about multipurposed loans and how to report them.
Re: Same loan on LAR twice?
I’d still report both, regardless if it’s about to pay off. If the 2nd loan purpose was refi + purchase then yes, I’d report it as a purchase. Check in the GIR about multipurposed loans and how to report them.