I tried asking this question at a different forum and not getting anything, so I thought I would try here too.

I have a short term loan(6 months)that it's purpose is to purchase home to remodel and sale. It is secured by the house. Would this call report code be a 1C2? They have down a 1A0 and that just doesn't seem right to me. I would appreciate any help on this.

1AO appears to be correct. From the instructions for RC-C Part I:

1.a Construction, land development, and other land loans. Report in column B loans secured by real estate made to finance land development (i.e., the process of improving land -- laying sewers, water pipes, etc.) preparatory to erecting new structures or the on-site construction of industrial, commercial, residential, or farm buildings. For this item, "construction" includes not only construction of new structures, but also additions or alterations to existing structures and the demolition of existing structures to make way for new structures.

Also include in this item:
(1) Loans secured by vacant land, except land known to be used or usable for agricultural purposes, such as crop and livestock production (which should be reported in Schedule RC-C, part I, item 1.b, below, as loans secured by farmland).

(2) Loans secured by real estate the proceeds of which are to be used to acquire and improve developed and undeveloped property.

(3) Loans made under Title I or Title X of the National Housing Act that conform to the definition of construction stated above and that are secured by real estate.

Exclude loans to finance construction and land development that are not secured by real estate (report in other items of Schedule RC-C, part I, as appropriate).

Thanks Bonnie! I appreciate you answering me back. You have a good rest of the day!

Wow- I'm glad I don't do HMDA- That new knowledge at this time would put me in a serious submission hold!

LOL...it's crazy sometimes, but I don't know the old knowledge. I just started this in mid June of 2005. It's still crazy stuff to me though.