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Verifying the Number of Units (HMDA)

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Question: 
When collecting HMDA information on declined consumer loans, what is the source document for verifying the number of units? Are we OK to use the application where the client indicates the number of units since we do not have an appraisal or do we need to verify using a tax card? Since it's a decline I wasn't sure what the source document would be.
Answer: 

1003.4(a)(31) says to report the total … number of individual dwelling units related to the property securing the covered loan or …proposed to secure the covered loan/

If you don't have any other source, you should report what they put on the application. You don't need to verify this.

First published on 08/11/2019

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