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If a bank does a change of terms on a commercial loan, can they had additional borrowings or do they need to rewrite the loan? – IBA Compliance Connection

IBA Compliance Connection

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If a bank does a change of terms on a commercial loan, can they had additional borrowings or do they need to rewrite the loan?

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Multiple bankers on the committee told us that their banks do not rewrite or reissue loan documents in this situation; they would treat this as a change in terms.