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#1618054 - 10/20/11 02:58 PM HELOC Withdrawal - HMDA Reportable?
Heather301, CRCM Offline
100 Club
Joined: Nov 2006
Posts: 105
We do not report HELOC's on our HMDA LAR. If we have a withdrawal on a HELOC, should this be reported? I have looked in the HMDA Getting it Right Guide and cannot find the answer. Any help would be appreciated!

Thanks!
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#1618067 - 10/20/11 03:07 PM Re: HELOC Withdrawal - HMDA Reportable? Heather301, CRCM
Skittles Offline
10K Club
Skittles
Joined: Sep 2002
Posts: 13,965
TN
If you do not report HELOCs you would not report a withdrawn request.
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#1618071 - 10/20/11 03:10 PM Re: HELOC Withdrawal - HMDA Reportable? Skittles
Heather301, CRCM Offline
100 Club
Joined: Nov 2006
Posts: 105
Thanks Duchess! Do you know where I can find this in writing? I have researched HMDA and can't find it.
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Live simply, Love generously, Care deeply, Speak kindly, Leave the rest to God.....

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#1618103 - 10/20/11 03:35 PM Re: HELOC Withdrawal - HMDA Reportable? Heather301, CRCM
Skittles Offline
10K Club
Skittles
Joined: Sep 2002
Posts: 13,965
TN
You won't find this in writing. You either report them or you don't.
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#1618155 - 10/20/11 04:26 PM Re: HELOC Withdrawal - HMDA Reportable? Skittles
Heather301, CRCM Offline
100 Club
Joined: Nov 2006
Posts: 105
Well, I am glad that I wasn't just overlooking it! Thanks!
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Live simply, Love generously, Care deeply, Speak kindly, Leave the rest to God.....

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