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Reply To: HMDA – Action Taken Date

Home Forums Home Mortgage Disclosure Act HMDA – Action Taken Date Reply To: HMDA – Action Taken Date

#12429

jholzknecht
Keymaster

The instructions for completing the LAR that for a loan that is originated the date of action taken should be the date settled or closed, or the date funds are disbursed. I agree with the comment regarding consistency, but being consistently wrong is not a good thing. If the date of the promissory note is a date other than the date settled or closed, or the date funds are disbursed, then a correction is appropriate.