If a lender reports an application or loan for a reverse mortgage, should a lender [HMDA] report HOEPA status?

Compliance > Regulation C - HMDA > FFIEC FAQs
Q:  If a lender reports an application or loan for a reverse mortgage, should a lender [HMDA] report HOEPA status?
 
A:  Reverse mortgages are not subject to the Home Ownership and Equity Protection Act of 1994 (HOEPA).   Therefore, a lender should enter the code for “not applicable” for HOEPA status.
 

This can be found in FFIEC’s HMDA Regulatory & Interpretive FAQs, which can be found at:  http://www.ffiec.gov/hmda/faq.htm

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