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BankersOnline.com Forums Dodd-Frank Final Rules Discussions HMDA Overhaul 2018 Loan Amount
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#2160168 - 01/11/18 06:21 PM Loan Amount
Winning Offline
Member
Joined: Sep 2015
Posts: 88
Do we report the decimal point in the loan amount? For instance...report 100000.00 or 100000? would we ever include the cents... 100250.45 or 100250?

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#2160176 - 01/11/18 06:53 PM Re: Loan Amount Winning
cgorham Offline
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Joined: Sep 2015
Posts: 120
If it is 100000.00 then it looks like reporting the cents is optional, but if it is 100250.45, then you have to report the cents.
I think the consensus is to always report them for consistency.

Check out this thread for more info:
https://www.bankersonline.com/forum/ubbthreads.php/topics/2129094/1

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#2160212 - 01/11/18 08:22 PM Re: Loan Amount Winning
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
Yes, cents is required. Match your note.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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#2160244 - 01/11/18 09:12 PM Re: Loan Amount Winning
Winning Offline
Member
Joined: Sep 2015
Posts: 88
So report cents even if its '.00'??

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#2160245 - 01/11/18 09:13 PM Re: Loan Amount Winning
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
the FIG says you can show that either way.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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