Answer:
Answer by Randy Carey: You don't. Guarantors are not applicants for HMDA purposes.
Answer:
Answer by Kathleen Blanchard: The bank will report not applicable for the LLC GMI.
First published on BankersOnline.com 2/27/12
How to Report HMDA Ethnicity, Race, etc.
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Question:
I have a commercial loan for a residential rental property. The borrower is an LLC and the members of the LLC are listed as guarantors. How do I report HMDA ethnicity, race, etc?
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