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Empty mobile homes park - HMDA?

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Question: 
Is a mobile home community HMDA reportable if there is only pads and electricity and no homes on the collateral?
Answer: 

If the loan's purpose falls within a covered transaction, yes. See the OI to 1003.2(f) Comment 2

........A loan related to a manufactured home community is secured by a dwelling for purposes of ยง 1003.2(f) even if it is not secured by any individual manufactured homes, but only by the land that constitutes the manufactured home community including sites for manufactured homes.........

First published on 04/21/2024

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