Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Lending Compliance hmda? security system
Thread Options
#223318 - 08/03/04 08:45 PM hmda? security system
Anonymous
Unregistered

customer wants to borrow to install a security system for their home. Is this HMDA reportable?
thanks.

Return to Top
Lending Compliance
#223319 - 08/03/04 09:04 PM Re: hmda? security system
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
Is this personal property of real property? I assume that this is part of the home, so it is real property. If so, it is a home improvement purpose.
_________________________
David Dickinson
http://www.bankerscompliance.com

Return to Top
#223320 - 08/03/04 09:07 PM Re: hmda? security system
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
Quote:

If so, it is a home improvement purpose.



I agree.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top

Moderator:  Andy_Z