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#496950 - 02/10/06 04:21 PM HMDA Trustee for Trust
Ninky Offline
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Ninky
Joined: Nov 2002
Posts: 357
Is a loan made to "John Doe Trustee for the John Doe Employee Proft Sharing Trust" considered a loan to an entity for HMDA purposes?

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Lending Compliance
#496951 - 02/10/06 04:25 PM Re: HMDA Trustee for Trust
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
Sounds like the loan was made to the trust. However we would title it John Doe Employee Profit Sharing Trust, John Doe, Trustee.
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The opinions expressed are mine and they are not to be taken as legal advice.

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