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HMDA Refinance/Temporary Question

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    MBT_Compliance1
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    We have a loan where a new obligation secured by a dwelling replaced an existing obligation secured by a dwelling. The purpose of the new obligation is to refinance agricultural operating expense loan. However, this loan is a temporary loan which should be paid off at maturity. Is the transaction exempt from reporting due to its temporary nature? Or, is the transaction NOT considered a refinancing?

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