Q: Is a business loan HMDA reportable?
A: It can be if it is a home purchase loan, home improvement loan or refinancing. For example, a business loan to purchase residential property such as an apartment complex will be reportable if it is secured by a dwelling, such as the complex being purchased.
Article ID: 157, Created: September 28, 2010 at 1:26 PM, Modified: July 15, 2016 at 10:07 AM