From: Gary Petersen [mailto:garylsb@restel.net]
Sent: Friday, April 16, 2004 9:14 AM
To: regs.comments@federalreserve.gov; Comments; regs.comments@occ.treas.gov;
regs.comments@ots.treas.gov
Subject: EGRPRA
Please consider a reduction in paperwork for conventional real estate
lending for small banks. The current disclosure requirements are
so ominous that it hinders lending to individuals for small real
estate loans. In our rural area, there is difficulty getting secondary
market loans making conventional lending sometimes the only means
to obtaining a real estate loan. But if my bank is going to get hammered
by regulators for not checking every box or considering every fee,
we are reluctant to lend. I believe in consumer protection but I
don't believe in denial to access to credit for the underserved.
Gary Petersen, President
Lakeside State Bank
P.O. Box 787
New Town, ND 58763
