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#1506667 - 02/08/11 05:47 PM dollar amount rounding
Red Sox Fan Offline
100 Club
Joined: Jan 2004
Posts: 164
Does the over/under $500 rule apply to CRA Reporting? If we have a loan for 133,200 how do I report that?

Thanks

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CRA
#1506689 - 02/08/11 06:09 PM Re: dollar amount rounding Red Sox Fan
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
From the 2010 Specs:

Rounded to the nearest thousand with leading
zeros and without commas {e.g., $25,100
would be reported as 25} or NA left-justified
if loan amount is < $500.00
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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