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#91572 - 06/25/03 10:09 PM Another HMDA Question
yy2say Offline
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yy2say
Joined: Apr 2002
Posts: 279
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I have a strange question ...we utilize software that collects HMDA & CRA data electronically. We file every year like we should, but someone just asked me about quarterly reporting.

The Reg states under Section 203.4(a) "These transactions shall be recorded, within thirty calendar days after the end of each calendar quarter in which final action is taken (such as origination or purchase of a loan, or denial or withdrawal of an application), on a register in the format prescribed in Appendix A of this part "

Does this mean that I have to print out the LAR on a quarterly basis to prove that I am recording it and keeping it in the proper format, or is having it in the software ready to print at any given moment sufficient?

I hate to sound so unsure, but higher ups are asking and I need some support for my decision.

I posted this same question in the General Discussion also.

Thanks,
Kay
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#91573 - 06/26/03 01:55 AM Re: Another HMDA Question
Andy_Z Online
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Answers are already being posted there even though this would have been a better start. I'd go there to avoid repetitious posts and make future search results easier.
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#91574 - 06/26/03 09:32 PM Re: Another HMDA Question
yy2say Offline
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yy2say
Joined: Apr 2002
Posts: 279
PA
Andy ...thank you for your help!
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