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#1848046 - 08/30/13 10:21 PM not line of credit, not dwelling secured...
tflower Offline
100 Club
tflower
Joined: Nov 2004
Posts: 110
Beautiful California Coast
Okay brainiacs out there-its Friday afternoon and my own brain is fried:

New loan. Not Line of Credit. Not dwelling secured.
Small part of proceeds used to remodel kitchen.

HMDA reportable?

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HMDA

#1848047 - 08/30/13 10:33 PM Re: not line of credit, not dwelling secured... tflower
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Only if your bank classifies such loans as home improvement.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1848049 - 08/30/13 10:50 PM Re: not line of credit, not dwelling secured... tflower
tflower Offline
100 Club
tflower
Joined: Nov 2004
Posts: 110
Beautiful California Coast
Thank you!

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