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#626119 - 10/18/06 03:36 PM HMDA Owner Occupancy Question
Denny Offline
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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?

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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: 46,832
Bloomington, IN
You report the information as it applies to the property being reported on the LAR.
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The opinions expressed are mine and they are not to be taken as legal advice.

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