* In which situations are Loan Purchase transactions allowed to be bundled in the TLR?

FAQ Question
* In which situations are Loan Purchase transactions allowed to be bundled in the TLR?
FAQ Answer

The CDFI Fund considers both bundled and individually purchased loans as eligible Financial Product activity for reporting in the TLR.

When loans are purchased in a bundle from a Certified CDFI, and the purchasing organization includes an OTP – Certified CDFI(s) market component in its Target Market and designates the transaction as having a “Designated Target Market Type” of “OTP-Certified CDFIs”, the entire bundle will be reported as a single Financial Product transaction in the TLR.

If loans are purchased in a bundle from a non-Certified entity—or from a Certified CDFI but the reporting organization does not have an OTP – Certified CDFI(s) Target Market component or does not designate the transaction as having a “Designated Target Market Type” of “OTP-Certified CDFIs”—each loan within the bundle must be reported individually as separate Financial Product transactions.”