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#2134660 - 06/16/17 04:50 PM HMDA 2018 Demographic Data
MClap Offline
New Poster
Joined: Nov 2016
Posts: 20
Hi,

Our plan is not to start collecting the disaggregated demographic date until January 1st 2017. But, what about for construction-to-permanent loans...should the disaggregated data be collected on these? What is everyone else doing?

Thank you.

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#2134679 - 06/16/17 06:10 PM Re: HMDA 2018 Demographic Data MClap
TMatt87 Online
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TMatt87
Joined: May 2011
Posts: 1,984
Idaho
There is a transition rule for the demographic information. Basically, you collect based on the law as it is at the time of application. So if you take the application in 2017, you'll follow current collection guidelines.
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#2134724 - 06/16/17 08:19 PM Re: HMDA 2018 Demographic Data MClap
MClap Offline
New Poster
Joined: Nov 2016
Posts: 20
Thank you. That's what I though.

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