HMDA Loan Features and Commercial Loans

Answered by:

Question:

A large part of our HMDA LAR is made up of commercial loans. Do we just report NA for these new fields that borrow loan feature definitions from Regulation Z?

Answer:

You do have to complete the fields that use Reg Z definitions, like “interest only” and “balloon payment” for commercial loans. The webinar will go into the detail on the requirements for each of these special fields.
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Learn more about Kathleen Blanchard’s webinar
Regulation Z, TRID, and Loans Features – What Do They Have to Do with HMDA?