Answer:
No, the only loans that are HMDA reportable are home purchase loans, refinance of home purchase loans, and home improvement loans. HMDA regulations and the FFIEC HMDA Getting It Right guide have definitions and clarifications of each of those, but clearly, if I come in and get a closed-end equity loan from your bank for the purpose of paying my daughter's college tuition, or to buy a boat, or to take a vacation to Australia, it would not be HMDA reportable.
First published on BankersOnline.com 3/01/10
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