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HMDA - Residential Property Loan Secured by CD

Answered by: 

Question: 
If the purpose of a Certificate of Deposit secured loan is to purchase a residential property is it HMDA Reportable? The loan amount is $25,000.00.
Answer: 

No. Go to 203.2 and review the definition of a home purchase loan.

First published on BankersOnline.com 11/06/06

First published on 11/06/2006

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Filed under lending as: 

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