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If you have not seen code 9 used how are other financial institutions coding their commercial loans that are not Small Business, Small Farm or Other loans for purposes of small business?

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Is it your understanding that Code 9 is used for Commercial loans that do not qualify for codes 1 (Small Business), 2 (Small Farm) or 3 (Other Lines/Loans for small business)?

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Yes, I have sent it to them and hopefully they will correct the issue. I just wanted to make sure I wasn’t misunderstanding the Loan Type codes.

Thank you.

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I am finding conflicting information regarding loan type 4 – Home Equity. We are under OCC and use the FFIEC CRA Guide as a reference. Based on this guide code 4 is still used, it is also still listed in our loan program (LaserPro) and Compliance Reporter. I see the 2021 CRA Updates stating that code 4 was removed but before I remove it from our source document, I would like to verify. Thanks.

1 – Small Business Loan
2 – Small Farm Loan
3 – Other Lines/Loans for Purposes of Small Business
4 – Home Equity (Consumer Loans)
5 – Motor Vehicle (Consumer Loans)
6 – Credit Card (Consumer Loans)
7 – Other Secured Consumer Loans – is a secured consumer loan that is not included in one of the other categories
8 – Other Unsecured Consumer Loans – is an unsecured consumer loan that is not included in one of the other categories
9 – Other Loan Data

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