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HMDA Reportable Loan App- Demographic Information

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We have a loan that is HMDA reportable and the borrower is an LLC. On the final application, the demographic information was completed, which it should not have been. Each page of the application references Page 1 of 6, Page 2 of 6, etc. Can we remove the demographic information pages so the last page of the application would read Page 3 of 6? Or, should the completed demographic pages be replaced with blank demographic pages so it still looks like the full application?

I would never condone altering loan documentation.

If the demographic information was completed in error, which if the borrower is an LLC then it appears it was, document the error in the file and complete the demographic information based on the LLC.

First published on 11/28/2021

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