Thread Starter: manimal
Title: Re: HMDA Loan
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Was the original loan secured by the condos? Is the new loan secured by the condos? Is the borrower the same? If yes to all these, then it's probably HMDA Reportable, provided it's not temporary financing and provided it's not an LOC if you don't report LOCs.
Try taking it through the BOL flowchart to be sure: http://www.bankersonline.com/compliance/2004_HMDA_Flowchart.pdf
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