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Reinstated Applications

Question: 
Can an application be reinstated once final action has been taken?
Answer: 

Provided the financial institution’s software and policy allow reinstatement, an application can be reopened (reinstated) using the same ULI/NULI and application if reinstated within the same calendar year.
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Learn more about Kathleen Blanchard’s webinar HMDA Tips and Year End Prep

First published on 10/13/2019

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