Thread Options
#2262357 - 11/10/21 04:30 PM HMDA Question
Somer Offline
Junior Member
Joined: May 2013
Posts: 43
Are short term Corporate rentals HMDA reportable. I have a commercial loan secured by a 23 unit furnished apartment building. Rentals are from 1 week to 3 months.

Return to Top
HMDA

   
HMDA Academy
#2262370 - 11/10/21 06:13 PM Re: HMDA Question Somer
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,769
Bloomington, IN
Who is renting these apartments?

IMHO short term rentals do not qualify as transitory dwellings.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#2262852 - 11/23/21 09:11 PM Re: HMDA Question Somer
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,641
Cape Cod
What is the purpose of this loan?
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top