Loan to Corporation and guaranteed by one person

Posted By: complyorelse

Loan to Corporation and guaranteed by one person - 12/27/07 08:30 PM

We have a HMDA reportable commercial loan made to a Corporation and guaranteed by one individual. In the Applicant Information of the LAR, whose information do I input? Is the Corporation the Borrower and the guarantor the co-borrower or is there no co-borrower?
Posted By: hmdagal

Re: Loan to Corporation and guaranteed by one person - 12/27/07 08:43 PM

You do not report information on guarantors, so there is no co-applicant.
Posted By: complyorelse

Re: Loan to Corporation and guaranteed by one person - 12/27/07 08:47 PM

Thank you.