Answer:
Renewals are not reportable, but a refinancing, or converting a construction loan to a permanent loan is.
First published on BankersOnline.com 2/13/06
Is a Loan Renewal HMDA Reportable?
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Question:
Our bank is new to HMDA reporting for 2004. If a loan originated prior to 2004 that was for the purpose of purchasing a dwelling or for home improvement, and is now up for renewal, should it be reported now? I understand that a renewal, modification, or extension of existing debt is not reportable for HMDA purposes, but in this case, should it be reported?
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