CRA Loans & HMDA Logs

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Question:

When a bank makes a CRA loan does it have to be listed on both the HMDA and CRA logs?

Answer:

The first test is whether the loan is HMDA reportable. If the loan meets the reporting criteria for HMDA it should be included on the HMDA LAR. Loans that are reported on the HMDA LAR are not reported for CRA purposes with the exception of multi-family housing.

First published on BankersOnline.com 4/20/09