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#1507628 - 02/09/11 08:11 PM more HMDA questions
TammyatCFB Offline
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Joined: May 2010
Posts: 18
If you payoff a commercial revolving line of credit secured by several commercial properties and a 1-4 family residence and refinance to lower credit line amount would this be HMDA reportable?

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#1507638 - 02/09/11 08:19 PM Re: more HMDA questions TammyatCFB
SMQ, CRCM Offline

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Joined: Apr 2001
Posts: 4,828
Between the lines
Is the new loan a revolving LOC? Do you report your LOCs? If it is an LOC and your bank reports LOCs, then report as a refi.

If new loan is a closed end LOC, report as a refi.
NOLA is my Beach!

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