Commitment letter issued on request. If a lender issues a commitment letter only at the applicant's request, does the lender have a preapproval program?

Compliance > Regulation C - HMDA > FFIEC FAQs
Q:  Commitment letter issued on request. If a lender issues a commitment letter only at the applicant's request, does the lender have a preapproval program?
 
A:  If a lender will as a general matter issue written commitments under the terms and procedures described in 203.2(b)(2), then the lender has a preapproval program regardless whether the lender gives a written commitment to all applicants who qualify for preapproval or only to those qualifying applicants who specifically ask for a commitment in writing.
 

This can be found in FFIEC’s FAQs on HMDA-related questions, which can be found at:  http://www.ffiec.gov/hmda/faq.htm

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