A: A lender uses the reporting definition, 203.2(k)(2)
, to determine whether to report a particular application, origination, or purchase as a "refinancing" in the loan purpose field; a lender uses the coverage definition, 203.2(k)(1)
, to determine whether the institution has sufficient home purchase loan activity, including refinancings of home purchase loans, for the institution to be covered by HMDA.. See 203.2(e)(1)(iii)
. The coverage definition is not relevant to determining whether to report a particular transaction as a refinancing.