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HMDA - Recording a Withdrawn Application

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HMDA Date Action Taken- if you have a file wherein the loan was approved, sent approval letter, but then Borrower never contacted you again - details on how to handle this please. Thanks!

Report it as an approved but not accepted and use the date of the approval letter as your action taken date.

An application for HMDA purposes cannot be reported as a withdrawn unless the applicant withdraws the application BEFORE a credit decision has been made.

First published on 1/17/05

First published on 01/17/2005

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