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Is This HMDA Reportable?

Answered by: 

Question: 
If a 2004 commercial loan is secured by residential real estate either as primary or secondary collateral is it HMDA and CRA reportable?
Answer: 

To be reportable for HMDA the loan must be for home purchase, home improvement or refinance. Small business loans secured by residential property are not reported for CRA.

First published on BankersOnline.com 6/21/04

First published on 06/21/2004

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