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#332113 - 03/10/05 11:26 PM Purchase of Bank
BankerMama Offline
Diamond Poster
BankerMama
Joined: Jun 2001
Posts: 1,543
If we as HMDA reporters purchase a bank that is not a HMDA reporter, do we have to do HMDA reporting on the loans we purchased?

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#332114 - 03/11/05 01:49 PM Re: Purchase of Bank
AnonRegulator Offline
Gold Star
AnonRegulator
Joined: Mar 2002
Posts: 451
Everywhere, USA
I believe this is one of the scenarios offered in the HMDA Getting it Right booklet. For the year of the acquisition, data collection for transactions handled in the offices of the acquired, previously exempt, institution is optional. Full data collection would be required in the following year. AR.

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