Skip to content
 

HMDA Reporting on a Commercial Line of Credit

Answered by: 
Dan Persfull

Question: 
We have a commercial line of credit secured by the principal shareholder's primary residence. It is not for the purchase of the home or a refinance; it is merely security along with the business equipment. Is it HMDA reportable?
Answer: 

No.

First published on BankersOnline.com 5/19/08

First published on 05/19/2008

Filed under: 
Compliance
Security
Filed under compliance as: 
HMDA
IT
Reporting
Security
Filed under security as: 
HMDA
IT
Reporting
Security

Report a problem with this page

Search Topics