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HMDA
HMDA Reportable - purpose us to install a well
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#1745627
-
10/01/12
08:11 PM
HMDA Reportable - purpose us to install a well
Many Hats
Platinum Poster
Joined:
May 2008
Posts: 915
Orlando, FL
Purpose of said loan is "well and reverse osmosis replacement".
It appears that the applicant wanted to repair a well and replace existing water filter.
HMDA reportable as home improvement? I say yes.
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HMDA
#1745631
-
10/01/12
08:15 PM
Re: HMDA Reportable - purpose us to install a well
Many Hats
Dan Persfull
10K Club
Joined:
Aug 2002
Posts: 47,763
Bloomington, IN
Agree if dwelling secured. If not then only if you classify non dwelling secured loans as HI.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.
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