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HMDA Reporting - Loan to Purchase a Storm Cellar
Answer by Dan Persfull, BOL Guru
Guru Bio
Question: Would an unsecured loan to purchase a storm cellar be considered a "home improvement" loan for HMDA purposes and be reportable?
Answer: It would be reportable if you also classify it as a home improvement loan.
First published on BankersOnline.com 7/30/07
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