Answer:
Not necessarily. In addition to being dwelling-secured, the transaction must be evaluated against excluded transactions, extension of credit requirements, and HMDA loan purpose requirements. Only then can you be certain it belongs on the HMDA LAR and gather all required data.
-----------------------------
Learn more about Kathleen Blanchard’s webinar
Extensions of Credit and the Bigger HMDA Picture - Identifying Reportable HMDA Transactions
print
share