How should a lender report a preapproval request it approved if the borrower did not later identify a property to the lender?

Compliance > Regulation C - HMDA > FFIEC FAQs
Q:  How should a lender report a preapproval request it approved if the borrower did not later identify a property to the lender?
 
A:  Reporting of the transaction is optional. If the transaction is reported, the lender uses code '8' ("preapproval request approved but not accepted") under "type of action" and code '1' ("preapproval was requested") under "request for preapproval." See Appendix A, I.A.8. & I.B.1..
 

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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