OK - If we collect GMI for an individual on Reg B for a Business Purpose Loan it is a violation...correct?
Ok So what is the deal for Reg C???? Does Reg C trumph Reg B on this issue? I'm so like confused!!!!!
We have Business Purpose loans that are made by Individuals but I am unclear about reporting the GMI for HMDA purposes.
Thanks...I feel like I'm living in Stupid 101!!!!