Skip to content

Action Taken Date

Answered by: 

Question: 
On files that are closed for incomplete, we have been using the date the form expires as our action date for several years now, but your manual states, the date of the form. Do we need to be looking to change that, or since we have been doing it this way for several years, do you think we will be OK as long as we stay consistent?
Answer: 

The information in the manual reflects the language used in the Official Staff commentary. Apparently examiners have not noticed that you use a date other than that prescribed in regulation. They may never notice; but, we suggest following the commentary.

--------------------------

Learn more about Jack Holzknecht’s

Top 15 Issues with HMDA webinar.

First published on 02/21/2021

Filed under: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics