- This topic has 0 replies, 1 voice, and was last updated 10 years, 1 month ago by
.
Viewing 1 post (of 1 total)
-
Posts
-
We have a loan where a new obligation secured by a dwelling replaced an existing obligation secured by a dwelling. The purpose of the new obligation is to refinance agricultural operating expense loan. However, this loan is a temporary loan which should be paid off at maturity. Is the transaction exempt from reporting due to its temporary nature? Or, is the transaction NOT considered a refinancing?
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.