Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Lending Compliance HMDA Owner Occupancy Question
Thread Options
#626119 - 10/18/06 03:36 PM HMDA Owner Occupancy Question
Denny Offline
Member
Denny
Joined: Jun 2002
Posts: 79
Pa
If we make a loan to purchase a dwelling but we secure the loan with a different dwelling, we are supposed to report the property location of the dwelling that secures the loan. Which of the two dwellings do we use to report the owner occupancy code?

Return to Top
Lending Compliance
#626120 - 10/18/06 03:42 PM Re: HMDA Owner Occupancy Question
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
You report the information as it applies to the property being reported on the LAR.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top

Moderator:  Andy_Z