Is the renewal of a loan considered to be a new extension of credit for purposes of valuing the collateral under Regulat

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answerhappygod
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Is the renewal of a loan considered to be a new extension of credit for purposes of valuing the collateral under Regulat

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Is the renewal of a loan considered to be a new extension of credit for purposes of valuing the collateral under Regulation U?

A. Yes
B. Yes, if any additional amounts are added to the loan balance
C. Yes, if any amounts other than interest, service charges, or taxes are added to the loan balance
D. No, a renewal is never considered to be a new credit
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