Skip to content
BOL Conferences
Thread Options
#1895875 - 02/11/14 05:17 PM Reinstated Application
TMatt87 Offline
Diamond Poster
TMatt87
Joined: May 2011
Posts: 1,984
Idaho
We have a borrower who canceled a HMDA reportable loan application at the very end of 2013, but then asked for it to be reopened in the beginning of 2014.

For HMDA reporting, GIR states that you can only reinstate an application if it is within the same calendar year. So what do I do in my situation? Do I report the same loan number in both years, or can I remove it from the 2013 LAR and just report whatever action is taken this year?
_________________________
All opinions are my own, not my employer's

Return to Top
HMDA

   
HMDA Academy
#1896893 - 02/13/14 05:34 PM Re: Reinstated Application TMatt87
BankRegGuy Offline
Member
Joined: Sep 2011
Posts: 74
IMO, you will have 2 entries, one for each year. Then # you use is up to you.

Return to Top

Moderator:  SMQ, CRCM