Answer:
If it is dwelling secured, yes, and report the information being improved. If it is non dwelling secured, you must classify it as a home improvement loan for it to be reportable.
First published on BankersOnline.com 5/21/12
Home Improvement Loan HMDA Reportable?
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Question:
A son wants a loan to do improvement on his parents home. Is this HMDA reportable?
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