Are loans to finance a VRBO or Air BNB considered a dwelling for HMDA or transitory?
My financial institution has decided to use the 6 items that mandate TRID disclosures to trigger an application for HMDA. Is this an acceptable definition:
Do we have to force place insurance in the following situation? Mr. Smith's flood policy expires on 2/1/21. The loan pays off on 2/15/21. Mt. Smith decided to not renew his flood policy in anticipation of paying the loan in full. Do we have to force place coverage for the period of 2/1/21 through 2/15/21, even though the payoff was within the 29-day grace period?
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?