Answer:
The 25 acre small farm exemption only applies to home purchases, all other applicable loans are reportable.
First published on BankersOnline.com 5/21/07
HMDA Reporting of a Home Improvement or Refinance
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Question:
If you have a home improvement loan or a refinance that involves over 25 acres is it HMDA reportable? I realize the purchase of a residence with over 25 acres isn't reportable, but I was thinking home improvement or refinance is reportable.
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