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#383621 - 07/08/05 08:17 PM HMDA
Anonymous
Unregistered

We are doing a loan to construct a house, and are participating the total loan out. Term is 1 year and payoff will come from sell of house. Is this HMDA reportable because of the way it will be paid off?

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Lending Compliance
#383622 - 07/08/05 08:35 PM Re: HMDA
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,533
Bloomington, IN
Temporary financings are exempt from Reg. C reporting.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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