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Commercial Loans - What’s HDMA Reportable?

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Question: 
What is HMDA reportable for commercial loans? Is a revolving line of credit secured by the principal's home reportable?
Answer: 

The same definitions for a home purchase, home improvement or refinancing and the exemptions apply to business purpose credit the same as it does for consumer purpose credit. Open-end lines of credit are optional reporting.

First published on BankersOnline.com 4/27/09

First published on 04/27/2009

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