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BankersOnline.com Forums Dodd-Frank Final Rules Discussions HMDA Overhaul 2018 HOEPA Status/2nd Residence
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#2171459 - 04/03/18 01:18 PM HOEPA Status/2nd Residence
Compliance Newbie Offline
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Joined: Jan 2015
Posts: 79
Our LOS system defaults to Not Applicable for the HOEPA Status for Second Residences on the LAR. Is this correct?

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#2171464 - 04/03/18 01:32 PM Re: HOEPA Status/2nd Residence Compliance Newbie
RR Joker Offline
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RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
It's not their principal residence so it's not subject to HOEPA.
_________________________
My opinion only. Not legal advice.

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#2171466 - 04/03/18 01:34 PM Re: HOEPA Status/2nd Residence Compliance Newbie
Compliance Newbie Offline
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Joined: Jan 2015
Posts: 79
Thanks

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