What is a final credit decision for HMDA, after which a customer’s wish to not proceed with the application is not reported as withdrawn?
For loans secured by savings or CD's, can just one of the joint owners sign the security agreement (if the account is owned by John "or" Jane), or must all joint owners sign?
In a scenario where the appraised value came in low, would an appraisal be considered as 3rd party information?
It is my understanding that we must accept private flood insurance only if it contains the Compliance Aid statement. Correct?
Our conditional approvals are verbal and there is often not sufficient information in the file for the staff that prepares the HMDA LAR to know what conditions are outstanding. How can we report accurately in this situation?