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BankersOnline.com Forums Dodd-Frank Final Rules Discussions HMDA Overhaul 2018 Reason For Denial
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#2234305 - 04/06/20 05:03 PM Reason For Denial
ahou Offline
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ahou
Joined: Aug 2002
Posts: 3,094
If we send notice of incompleteness and the applicant never responds, do we use reason for denial on the Lar as code 7 credit app incomplete or code 10 NA? I have in my notes to use code 7.
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#2234306 - 04/06/20 05:15 PM Re: Reason For Denial ahou
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
If Action Taken equals 1, 2, 4, 5, 6, or 8, then Reason for Denial: 1 must equal 1111 or 10.
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#2234308 - 04/06/20 05:35 PM Re: Reason For Denial ahou
ahou Offline
Power Poster
ahou
Joined: Aug 2002
Posts: 3,094
Thanks Randy
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