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#670953 - 01/24/07 03:12 PM VSI
Linkpars Offline
100 Club
Joined: Jan 2007
Posts: 179
Kentucky
We have a customer that got a VSI Home Improvement loan in January 06, but in September 06 it was cancelled and converted to a regular installment loan. My question is does it still need to be listed on the lar for January. Any help would be great.

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#670979 - 01/24/07 03:28 PM Re: VSI Linkpars
#12 Offline
Diamond Poster
Joined: Jun 2005
Posts: 1,343
What is a VSI Home Improvement loan?
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#670982 - 01/24/07 03:31 PM Re: VSI #12
Linkpars Offline
100 Club
Joined: Jan 2007
Posts: 179
Kentucky
Vender Single Insurance, basically it is a Home Improvement loan.

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#670995 - 01/24/07 03:36 PM Re: VSI Linkpars
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
If you consummated a loan that is subject to HMDA, the loan should be listed on the LAR. Subsequent events do not cancel the entry.
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David Dickinson
http://www.bankerscompliance.com

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#671001 - 01/24/07 03:40 PM Re: VSI David Dickinson
Linkpars Offline
100 Club
Joined: Jan 2007
Posts: 179
Kentucky
That is what I thought, I just wanted to make sure. I am fairly new to this, it is only my second year reporting. Thank you.

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