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  • #5605
    Bellisima
    Participant

    A borrower pledged an investment property (Condo) on a loan where the loan proceeds are to be used for business purposes (purchase inventory). Since the loan purpose is not to Purchase, Improve or Refinance, I would think not. Your thoughts?

    #5606
    rcooper
    Keymaster

    If you are asking if this loan would be HMDA reportable, I agree, it would not since the purpose is not home purchase, home improvement or refinancing.

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