A Guide to HMDA Reporting - ffiec

Completing
the LAR MULTIPURPOSE LOAN
Step by Step
If a loan falls into more than one
of the three categories, report
the loan under just one category
according to the following rule. If
the loan is a home purchase
loan, report it as such even if it
is also a home improvement loan
and/or refinancing; if the loan is
not a home purchase loan but is
a home improvement loan and a
refinancing, report it as a home
improvement loan. See staff
comments 203.2(g)-5, .2(h)-7,
and .4(a)(3)-2.
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¢ Occupancy. For a one-to-four-family
dwelling, including a manufactured
home, indicate whether the property
to which the loan or application
relates will be the owner’s principal
dwelling. For multifamily dwellings
(housing five or more families), and
for any dwellings located outside
MSAs or in MSAs where you do not
have home or branch offices, you
may enter either the code for “not
applicable” or the code for the
occupancy status. For more
information, see Appendix A, I.A.6,
and staff comment 203.4(a)(6)-1.
¢ Loan amount. Report the dollar
amount granted or requested in
thousands. For example, if the
dollar amount was $95,000, enter
95; if it was $1,500,000, enter 1500.
Round to the nearest thousand;
round $500 up to the next thousand.
For example, if the loan was for
$152,500, enter 153. But if the loan
was for $152,499, enter 152. Do not
report loans of less than $500. If a
preapproval request was denied and
the borrower did not state a loan
amount, enter 1. Further information
can be found in Appendix A, I.A.7.
For guidance concerning counteroffers,
multipurpose loans, HELOCs,
and assumptions, see the staff
comments to Regulation C
§ 203.4(a)(7).
For submissions in automated form,
your reporting program should add
leading zeros to the loan amount to
fill out the column (for example, for a
loan amount of $95,000, enter
00095). Leading zeros are not
required for submissions in paper
form.
¢ Request for preapproval. If the loan
applied for or originated is a home
purchase loan, indicate whether the
application or loan was initiated by a
request for preapproval. If your institution
does not have a covered preapproval
program, enter the code for
“not applicable.” Those instructions
are reflected in Appendix A, I.A.8. To
determine whether your institution
has a covered preapproval program,
consult Regulation C § 203.2(b) and
the staff comments to that provision.
Do not report requests for prequalification.
See comment 203.2(b)-2.
Action Taken
¢ Type of action. Use the appropriate
code to categorize the entry as a
loan origination, a purchased loan,
or an application (including a
preapproval request) that did not
result in an origination. For guidance
concerning counteroffers, conditional
approvals, and other circumstances,
see Appendix A, I.B.1., and the
staff comments to Regulation C
§ 203.4(a)(8).