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#2263107 - 12/02/21 03:10 PM Do we report applications that resulted from fraud
Help! Compliance Offline
Member
Joined: Oct 2012
Posts: 93
San Antonio, TX
Someone tried to apply for an HE loan in another person's name. Thankfully, we caught this. Because the fraud victim did not enter the application, we are unable to just cancel it, so we chose to withdraw it. That being said, I just want to confirm we are okay with NOT reporting it on the HMDA LAR...or is there something requiring us to do so? Thanks in advance :-)

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#2263110 - 12/02/21 03:18 PM Re: Do we report applications that resulted from fraud Help! Compliance
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,912
Galveston, TX
You do not have a valid application if it is fraudulent.
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