[pamela]

I was concerned about using a validation for future business loans over $1,000,000.00, because the regulation defines subsequent transactions as renewals, refinancing of an existing loan, and modifications. I can’t find anything that addresses using a validation for a new business loan over $1,000,000.00.

[pamela]

I was concerned about future validations on a business loan over $1,000,000.00, because the regulation defines subsequent transactions as renewals, refinancing of an existing loan, and modifications. I can’t find anything that addresses using a validation for a new loan with new money advanced for a business loan over $1,000,000.00.

[Author]

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