I am trying to to scrub the lar with little experience.
Just a side note since you state these are business/commercial purpose loans and asking about gross income I am assuming these loans are being made to individuals and the purpose of the loan falls within the definition of a home purchase, refinancing or home improvement.
If the applicant/borrower or the co-applicant/borrower is a non-natural person then income is reported NA (see page I-47 in the 2022 HMDA Reporting -Getting it Right guide). If the loan's purpose does not meet the definition for a home purchase, refinancing or home improvement the loans aren't reportable (see 1003.2 for the definitions).
Last edited by Dan Persfull; 02/08/23 03:52 PM.
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The opinions expressed are mine and they are not to be taken as legal advice.