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BankersOnline.com Forums Dodd-Frank Final Rules Discussions HMDA Overhaul 2018 Denial Reason - Other was used on Adverse Action
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#2241347 - 08/20/20 04:04 PM Denial Reason - Other was used on Adverse Action
Likes to Comply Offline
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Joined: Nov 2008
Posts: 1,109
In the mountains
One of the reasons for denial was noted by the LO as Other- Too much unsecured revolving debt.

Would I just report 3. Credit History; or would I still use code 9 and key in Too much unsecured revolving debt into the text field?
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#2241511 - 08/24/20 04:18 PM Re: Denial Reason - Other was used on Adverse Action Likes to Comply
hmdagal Offline
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hmdagal
Joined: Dec 2002
Posts: 3,841
If the AAN has the other box checked, and the reason is shown as 'Too much unsecured revolving debt', that's what I would report.

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#2241555 - 08/25/20 03:58 PM Re: Denial Reason - Other was used on Adverse Action Likes to Comply
Mountaineers_Fan Offline
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Joined: Jun 2018
Posts: 100
I'd report exactly what is on the AAN. So if credit history is on there I'd report code 3 and then also code 9 Other along with "too much unsecured debt".

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