Answer:
It would depend whether the purpose of the loan meets the definition of a home purchase loan, home improvement loan or a refinancing loan found in Reg. C 1003.2.
First published on BankersOnline.com 1/28/13
HMDA if 2nd Lien on Rental Prop as Collateral?
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Question:
Is HMDA required if we are taking a 2nd. lien on rental property as collateral?
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