We have a customer that applied for a non-dwelling secured home improvement loan. I know for HMDA reporting purposes we are to use the gross income. However, he gave his net income instead of his gross income. The loan officer used the net amount in his decision to make the loan. Do I use the net income since that's what he used to make his decision or do we need to inquire on the gross income?

Thank you.

Enter the amount your institution relied on in making the credit decision.