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Condo As Security w/Commercial Purpose-HMDA?

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Question: 
We are taking as security a condo unit in a residential structure. However, the unit is not used as a dwelling. It has a commercial purpose, such as, a doctor's office or a showroom or as a model. Would this loan be HMDA-reportable?
Answer: 

No.

First published on BankersOnline.com 4/1/13

First published on 04/01/2013

Filed under: 
Filed under lending as: 
Filed under security as: 

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