On HMDA reportable loans, even if the bank is partially exempt, do you still have to give customer demographic information that includes sub categories for ethnicity and race?
Does an incomplete application for Regulation B mean an application is not HMDA reportable?
If I used an estimated value on a loan estimate for a construction loan where the customer already owns the land and no appraisal or valuation has been completed, will I use that same estimated value on the closing disclosure or can it be updated to the appraised value?
Should a written application be required for all business purpose applications, including those for HMDA reportable transactions?
All of our TRID loans are on a variable rate that changes monthly. I thought the required rate cap was an increase or decrease of 2% each time it changes. Now I cannot find any documentation regarding this issue. I know we have to disclose the ceiling but is the adjustment under our discretion?