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#1812281 - 05/08/13 05:16 PM Septic repair
cle Offline
100 Club
Joined: Jan 2004
Posts: 161
Customer wants an unsecured loan to repair septic system damaged by the recent floods. Would this be considered an unsecured home improvement loan and therefore HMDA reportable?

We do have a classification for unsecured Home Improvement loans.

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#1812286 - 05/08/13 05:21 PM Re: Septic repair cle
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Yes, a septic repair is home improvement.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1812288 - 05/08/13 05:22 PM Re: Septic repair cle
cle Offline
100 Club
Joined: Jan 2004
Posts: 161
Thanks, Kathleen.

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