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BankersOnline.com Forums Dodd-Frank Final Rules Discussions HMDA Overhaul 2018 Loan to purchase an investment prop. by a Trust
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#2178593 - 05/17/18 07:18 PM Loan to purchase an investment prop. by a Trust
Catm1991 Offline
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Joined: Jul 2014
Posts: 194
MO
Am I correct that we do not report loans that are made too Trust accts.?

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#2178597 - 05/17/18 07:34 PM Re: Loan to purchase an investment prop. by a Trust Catm1991
RR Joker Offline
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Joined: Nov 2002
Posts: 20,656
The Swamp
Not sure why not. Assuming it's a purchase of a dwelling.
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#2178612 - 05/17/18 09:01 PM Re: Loan to purchase an investment prop. by a Trust Catm1991
hiphiphmda Offline
Junior Member
Joined: Mar 2007
Posts: 28
Are you thinking of transactions in which the FI is acting as Trustee?

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#2178667 - 05/18/18 02:10 PM Re: Loan to purchase an investment prop. by a Trust Catm1991
Catm1991 Offline
100 Club
Joined: Jul 2014
Posts: 194
MO
Ah, yes hiphiphmda... that's what was getting me. I knew before I've always reported loans that was in the Revocable Trust name, with the individuals on it as well. Thank you!

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