Skip to content

Bungalow Colony Considered HMDA Reportable?

Answered by: 

Question: 
Given all other HMDA reporting criteria being met, would a bungalow colony be considered HMDA reportable?
Answer: 

From what I know about them, they are similar to a cooperative.

1003.2(f) Dwelling

2. Multifamily residential structures and communities. A dwelling also includes a multifamily residential structure or community such as an apartment, condominium, cooperative building or housing complex, or a manufactured home community.

First published on 09/08/2019

Filed under: 
Filed under lending as: 

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