Are construction-to-permanent loans reportable under HMDA?

Compliance > Regulation C - HMDA > CRA HMDA Reporter
Q:  Are construction-to-permanent loans reportable under HMDA?
 
A:  Yes, a combined construction/permanent loan and the permanent financing that replaces a construction-only loan are HMDA-reportable.  When reporting these types of loans, the purpose should be for home purchase of a one-to four-family dwelling or of a multifamily dwelling.  Construction-only loans, which are considered “temporary financing” under Regulation C, are not HMDA-reportable.
 

This can be found in FFIEC’s CRA HMDA Reporter - 2000, which can be found at:  http://www.ffiec.gov/hmda/pdf/00news.pdf

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