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Entering Property Value-HMDA 2018

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Question: 
HMDA 2018 ... Should property value be entered based on the value used at time of credit decision or, if an estimate was used for decision, the actual value as indicated on an appraisal or other statement of value received at a later date?
Answer: 

Enter the value of the property relied on in making the credit decision. Enter NA if no credit decision was made (file closed for incompleteness), or if an application was withdrawn before a credit decision was made. [§ 1003.4(a)(28); comments 4(a)(28)-1 through -4]

First published on 06/17/2018

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