I'm trying to decide if a loan is HMDA reportable. The loan in question is a 1 year demand loan for the purpose of purchasing a dwelling. The borrower intends to pay-off the loan with the proceeds from the sale of the dwelling he presently owns. I think the loan is not HMDA reportable because of the "temporary financing" exemption, however I'm not sure. Please help.

I would agree with you.

I'll second that - not reported.

I'll fourth that. Temporary financing.