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#2255026 - 06/08/21 07:33 PM Missed reporting 2 loans for 2020 filing
Compliance Newbie Offline
Member
Joined: Jan 2015
Posts: 67
Lender just scanned in 2 Withdrawn Loans that were HMDA reportable for 2020. Any suggestions on any action we should take if any?

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#2255068 - 06/09/21 05:09 PM Re: Missed reporting 2 loans for 2020 filing Compliance Newbie
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
How many LAR entries did you have in 2020?

The reason I ask is to determine a percentage. Most likely, I would not resubmit for 2 entires. However, I would document the error, determine how/why they were not included in the 2020 LAR and the fix. If you do decide to resubmit, I would wait and make sure you have everything. You don’t want to resubmit and then have to resubmit again.
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David Dickinson
http://www.bankerscompliance.com

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