Skip to content
BOL Conferences
Thread Options
#2034732 - 08/20/15 12:23 PM Business Loan
3-2-Go Offline
Gold Star
3-2-Go
Joined: Nov 2008
Posts: 403
East
If a loan is listed under a business name, should I be reporting "not applicable" for the ethnicity and applicants race?

Return to Top
HMDA

   
HMDA Academy
#2034735 - 08/20/15 12:42 PM Re: Business Loan 3-2-Go
Tater Offline
Platinum Poster
Joined: Jan 2006
Posts: 642
Missouri
Yes. Watch for natural person co-applicants/co-borrowers to be reported, too.
_________________________
Born once? Die twice.
Born twice? DIE ONCE!

Loan Review, HMDA, ALLL

Opinions are my own and do not reflect any others

Return to Top
#2034738 - 08/20/15 01:04 PM Re: Business Loan Tater
3-2-Go Offline
Gold Star
3-2-Go
Joined: Nov 2008
Posts: 403
East
Thank You!

Return to Top
#2034752 - 08/20/15 01:30 PM Re: Business Loan 3-2-Go
swiggles Offline
Power Poster
swiggles
Joined: Aug 2001
Posts: 7,351
To add to tater's comment, the mistake I see on occasion is the lender also using N/A for the co-borrower, when there isn't one.....should use the codes for "no co-borrower."
_________________________
The more you sweat in training, the less you bleed in battle.......

Return to Top
#2034798 - 08/20/15 02:14 PM Re: Business Loan swiggles
3-2-Go Offline
Gold Star
3-2-Go
Joined: Nov 2008
Posts: 403
East
Thank you!

Return to Top

Moderator:  SMQ, CRCM