Before the loan advances, a policy analyst must resolve a HMDA reporting issue in an advertising approval. What should happen?
Correct Answer
C) Use Regulation C coverage rules before excluding the file
Covered institutions collect and report HMDA data for covered mortgage applications and loans. The best answer is "Use Regulation C coverage rules before excluding the file".
Why This Is the Correct Answer
Covered institutions collect and report HMDA data for covered mortgage applications and loans. The best answer is "Use Regulation C coverage rules before excluding the file".
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