You would only collect GMI on a home improvement loan if you're a HMDA reporter. Reg B only mandates collection for the purchase or refinance of a principal residence. Reg C is a "reporting" Reg which expands the GMI collection requirements to include purchase or improvement of ANY dwelling if secured by ANY dwelling and the refinance of a dwelling secured loan if the new loan is secured by a dwelling.
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The more you sweat in training, the less you bleed in battle.......