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Basic HMDA rules aren't changing

Question: 
As a small reporter, will we start to report our home improvement loans that are not dwelling secured as we did prior to January 1, 2018?
Answer: 

No, the underlying changes to the revised HMDA rule remain in place, including the requirement that all reported closed end loans and open-end lines of credit must be dwelling secured to be reportable under HMDA.
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Learn more about Kathleen Blanchard’s webinar
What Is Happening With HMDA?

First published on 07/08/2018

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