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#25034 - 07/23/02 08:42 PM Cooperative Units

I am located in Georgia, but have a customer that is borrowing on an interest in a cooperative unit in New York. We are also a HMDA reportable bank and we are trying to decide if it is reportable or not. They borrower will use this as a second home? Any thoughts on this is greatly appreciated. Thanks.

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#25035 - 07/24/02 01:15 PM Re: Cooperative Units
SPF36 Offline
New Poster
Joined: Jul 2002
Posts: 20
Cooperative units are reportable (see HMDA Reporting, Getting it Right, Appendix D, 2(d) Dwelling.

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