Word: loan
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Dates: during 1990-1999
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...about that time, Hillary did evidently speak to Margaret Davenport about the Whitewater loan. "Notes of TK w/M. Davenport," handwritten notes on Hillary's personal notepaper read. At the top right-hand corner is the date 1987. "56,623 balance. 2,303.78 Oct. 3." On the side is an arrow, then "5 yr amortization. w/2 yr balloon. 1 2/3. Note secured by mortgage recorded Aug. 3, 1978 on 171 acres known as Whitewater Estates. Original $100,121 note...
...appears to be an abbreviation for "talk." And, in fact, $56,623 was the precise amount of the 1st Ozark loan outstanding as of Oct. 3, 1986, and $2,303.78 was the interest then due on the Whitewater loan...
...Ozark's loan committee considered, among other things, the Whitewater loan. Proctor reported on a visit he had made to Whitewater the previous month, which resulted in the bank's valuing all of Whitewater at $104,000. The committee gave the loan a risk rating of 3, meaning the bank should start preparing for a default, but still hoped the loan would perform. The committee attached several conditions to approving the loan renewal, including obtaining the Clintons' personal financial statement for the bank's files...
There's no record the bank ever questioned the accuracy of the Clintons' disclosure form. The legal obligation to be accurate lay with the Clintons, not the bank. Strange and Proctor were happy just to have the statement, thus satisfying the bank examiners. The Whitewater loan was renewed on March...
That winter, 1st Ozark wasn't the only bank seeking the Clintons' disclosure statement. Security Bank of Paragould, the lender of the money for the Hillary house, had also written Hillary asking her to "complete the enclosed financial statement" in order to extend the Paragould loan. Such a document in Security Bank's files is signed by both Bill and Hillary Clinton. The form lists the same asset values as the one submitted to 1st Ozark, and carries the instruction, "Do not include assets of doubtful value." The statement concludes with the admonition that "each undersigned represents and warrants that...