Are there any penalties imposed if an institution collects Monitor C information for HMDA on both the loan application and the Monitor C form?
When do you NOT need to collect government monitoring information?
On a Broker application, is the investor allowed to correct the Government Monitoring Information if what is marked is not consistent with the picture ID in the file?
I have a question regarding the government monitoring information requirements under Section 202.13 of Reg B</a>. We are not a HMDA reporting bank. If we were to do a home equity loan for a customer and then that same customer requested additional money on that home equity (or a refinance), would you then at that point be required to collect government monitoring information?
We are a HMDA bank. Do we need to collect new government monitoring information at each loan renewal if the borrower(s) have not changed?
Is HMDA required to be signed by customers or are we just required to disclose the HMDA information?
Relative to denied loan requests, including home improvement loans, is the bank required to do the following: (1)gather government monitoring info (2)provide the servicing transfer disclosure (3)provide the notice "right to copy of appraisal report" even if an appraisal is not obtained?in violation of Reg B if notice cannot be sent until after the thirty days?
Is there ever a circumstance in which government monitoring information would be collected for a home equity line of credit?
Government Monitoring: I read in the commentary that a joint applicant may enter the government monitoring information on behalf of an absent joint applicant. Is it required to document that GMI was not collected in person by the absent applicant?
We want to make mortgage loan applications available on our internet banking website. What are some of the issues we need to prepare for?