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#194016 - 05/25/04 08:33 PM HMDA LAR
Beth Marie Offline
New Poster
Joined: Apr 2004
Posts: 5
In an instance where the borrower's tax return shows a negative AGI, does our bank need to report the negative income on the LAR or will a zero suffice? Any help would be greatly appreciated. Thanks!

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#194017 - 05/25/04 10:00 PM Re: HMDA LAR
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,862
Bloomington, IN
You will have to report $1. I do not believe the program will allow you to enter a 0 or a negative figure.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#194018 - 05/26/04 04:53 PM Re: HMDA LAR
Beth Marie Offline
New Poster
Joined: Apr 2004
Posts: 5
Thanks!

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