CRA Loans & HMDA Logs
Answer by Jim Bedsole, BOL Guru Guru Bio
Question: When a bank makes a CRA loan does it have to be listed on both the HMDA and CRA logs?
Answer: The first test is whether the loan is HMDA reportable. If the loan meets the reporting criteria for HMDA it should be included on the HMDA LAR. Loans that are reported on the HMDA LAR are not reported for CRA purposes with the exception of multi-family housing.
BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.
Print Friendly!
Email This Article!
Discuss NOW!
