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80. Are all entities required to complete the Loan Purchases section of the TLR?

FAQ Question

80. Are all entities required to complete the Loan Purchases section of the TLR?

FAQ Answer

No, the Loan Purchases section of the TLR must be completed as part of the TLR package submission only if an entity has loan purchases on its balance sheet and the loans were purchased within the reporting period. Such entities should complete the Loan Purchases section of the TLR even if they did not use loan purchases to meet their required Target Market activity thresholds.