Skip to content

New HMDA and mobile home parks

Question: 
We have heard that manufactured home communities (mobile home parks) secured only by the land and hookups will be HMDA-reportable beginning 1/1/2018. Is this true? The park owner does not rent out any actual homes, just the sites.
Answer: 

Yes, a loan secured by such a mobile home park will be considered dwelling-secured even if no actual manufactured homes secure the loan. We will discuss how these are reported, how to count the number of units, etc.
-----------------------------
Learn more about Kathleen Blanchard’s webinar
HMDA and Dwellings – What’s New for 2018

First published on 06/18/2017

Filed under: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics