Skip to content

Originate Loan & Sell It- HMDA LAR Reportable?

Answered by: 

If we originate a reportable loan and subsequently sell it, servicing released, is it reportable on our HMDA LAR?

If your bank made the credit decision, yes, the bank reports the loan on its LAR and completes the appropriate purchaser code if sold in the same calendar year as originated.

If the purchasing bank/lender made the credit decision, that institution reports the loan on their LAR regardless of what institution's name is on the closing documents.

First published on 06/23/2014

Filed under: 
Filed under compliance as: 
Filed under lending as: 

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