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R O B E R T D. M c T E E R , J R .
P R E S ID E N T
AND

C H IE F

E X E C U T IV E

DALLAS, T EXA S 7 5 2 2 2

O F F IC E R

October 8, 1991
Notice 91-83
TO:

The Chief Executive Officer of each
member bank and others concerned in
the Eleventh Federal Reserve District
SUBJECT
Comments Requested on Proposed Amendments to
Regulation C (Home Mortgage Disclosure)
DETAILS

The Federal Reserve Board has requested public comment on proposed
amendments to Regulation C (Home Mortgage Disclosure) and to the instructions
and reporting forms that financial institutions must use in complying with the
annual reporting requirements under the regulation. The major substantive
change calls for financial institutions to begin using 1990 census tract
numbers to identify and report property locations for the reporting period
beginning January 1, 1992.
The Board must receive comments by October 23, 1991. Comments
should be addressed to William W. Wiles, Secretary, Board of Governors of the
Federal Reserve System, 20th Street and Constitution Avenue, N.W., Washington,
D.C. 20551. All comments should refer to Docket No. R-0736.
ATTACHMENT
A copy of the Board’s notice as it appears on pages 47703-13 Vol.
56, No. 183, of the Federal Register dated September 20, 1991, is attached.
MORE INFORMATION
For more information, please contact Marion White at (214) 744-7490.
For additional copies of this Bank’s notice, please contact the Public Affairs
Department at (214) 651-6289.
Sincerely yours,

For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas:
Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162,
Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

47703

Proposed Rules

Federal Register
Vol. 56, No. 183
Friday, September 20, 1991

This section of the FEDERAL REGISTER
contains notices to the public of the
proposed issuance of rules and
regulations. The purpose of these notices
is to give interested persons an
opportunity to participate in the rule
making prior to the adoption of the final
rules.

FEDERAL RESERVE SYSTEM
12 CFR Part 203
[ R e g u la tio n C; D o c k e t N o. R -0 7 3 6 ]

Home Mortgage Disclosure
AGENCY: Board of Governors of the
Federal Reserve System.
ACTION: Proposed rule.
s u m m a r y : The Board is publishing for
public comment proposed changes to
Regulation C (Home Mortgage
Disclosure) and to the instructions and
reporting forms that financial
institutions must use in complying with
the annual reporting requirements under
the regulation. The major substantive
change calls for financial institutions to
begin using 1990 census tract numbers
(instead of the currently used 1980
census tract numbers) to identify and
report property locations beginning on
January 1,1992.
d a t e s : Comments must be received on
or before October 23,1991. The revised
instructions and reporting forms will
apply to loan and application data
collected by financial institutions
beginning January 1,1992.
a d d r e s s e s : Comments should refer to
Docket No. R-0736 and be sent to
William W. Wiles, Secretary, Board of
Governors of the Federal Reserve
System, Washington, DC 20551. They
may also be delivered to the guard
station in the Eccles Building Courtyard
on 20th Street, NW. (between
Constitution Avenue and C Street, NW.)
between 8:45 a.m. and 5:15 p.m.
weekdays. Comments received will be
available for inspection and copying by
any member of the public in the
Freedom of Information Office, room B1122 of the Eccles Building between 9
a.m. and 5 p.m. weekdays.
FOR FURTHER INFORMATION CONTACT:

W. Kurt Schumacher, Staff Attorney,
Division of Consumer and Community
Affairs, Board of Governors of the
Federal Reserve System, Washington,
DC 20551, at 202-452-2412; for the

hearing impaired only, contact Dorothea
Thompson, Telecommunications Device
for the Deaf, at 202-452-3544.
SUPPLEMENTARY INFORMATION:

(1) Background
The Board's Regulation C (12 CFR part
203) implements the Home Mortgage
Disclosure Act of 1975 (HMDA) (12
U.S.C. 2801 et seq.). The Financial
Institutions Reform, Recovery, and
Enforcement Act of 1989 (FIRREA) made
a number of significant amendments to
HMDA. (Pub. L. 101-73, section 1211,103
Stat. 183, 524-526.) These changes were
reflected in amendments to Regulation C
that took effect on January 1,1990. (See
54 FR 51356, December 15,1989.) The
regulation requires depository and
nondepository financial institutions that
have over $10 million in assets and have
offices in metropolitan statistical areas
(MSAs) to disclose annually their
originations and purchases of mortgage
and home improvement loans, as w ell as
applications they have received for such
loans.
Under appendix A to the regulation,
data must be recorded on a “Loan/
Application Register” (LAR) that
reporting institutions must send to their
regulatory agency no later than March 1
following the calendar year for which
they are reporting. The Federal
Financial Institutions Examination
Council (FFIEC) compiles the HMDA
data for each institution and then issues
annual disclosure statements to the
reporting institutions. Within 30 days
after receiving their statements from the
FFIEC, institutions must make them
available to the public for inspection
and copying in at least one home or
branch office in each MSA. The FFIEC
also compiles the HMDA data for all
institutions in each MSA and sends
aggregate reports to central data
depositories located in each MSA.
In processing and reviewing financial
institutions’ LARs for the 1990 calendar
year (which w as the first year reflecting
the FIRREA amendments to HMDA), the
Board and the other regulatory agencies
(the Office of the Comptroller of the
Currency, Federal Deposit Insurance
Corporation, Office of Thrift
Supervision, National Credit Union
Administration, and the Department of
Housing and Urban Development)
identified the need for certain changes
to the instructions and forms used in
reporting HMDA data. These revisions

would allow for the more efficient and
accurate collection and submission of
home mortgage data by financial
institutions.
Additionally, the proposal contains
one change—relating to census tract
numbers—that will have a significant
impact on reporting institutions and on
the quality of the data disclosed to the
public. Currently, institutions report
property location using census tract
numbers from the 1980 census. The
Board is proposing to require that
financial institutions report property
location using 1990 census tracts for
loan applications and transactions that
take place beginning January 1,1992.
Changing to 1990 census tracts will
make the HMDA data more useful.
Many of the output tables that comprise
the disclosure statement rely on
population and other characteristics for
given census tracts (for example,
composition of the tract by residents'
race or national origin and income level,
and age of housing stock). Because of
the changes that have occurred since
1980, use of 1990 census tracts and
demographics will produce more
accurate and useful data in the HMDA
disclosure statements and aggregate
reports.
The Board’s staff has met with
representatives of the Bureau of the
Census concerning the availability of
materials necessary for financial
institutions to change over to using 1990
census tracts: (1) An index of street
addresses-census tract numbers, and (2)
outline maps to locate any properties
not listed on the index. The maps are
available now; the index will be
available by year-end.
The ensure that institutions covered
by HMDA are able to obtain the
materials in time to comply beginning
January 1992, the HMDA supervisory
agencies will work closely with the
Bureau of the Census in seeking w ays to
expedite the distribution of census
materials.
The comment period ends on October
23,1991. Because the proposed changes
are technical in nature and for the most
part simply provide clarification, and
because prompt implementation of any
changes in reporting requirements is in
the public interest, the Board has set a
30-day comment period in place of the
60 days normally called for in the
Board’s policy statement on rulemaking
(44 FR 3957, January 19,1979). The Board

47704

Federal Register / Vol. 56, No. 183 / Friday, September 20, 1991 / Proposed Rules

believes an abbreviated comment period
is desirable to ensure that a final rule is
in place as soon as possible to provide
guidance to covered lenders.
In accordance with section 3507 of the
Paperwork Reduction Act of 1980 (44
U.S.C. Ch. 35; CFR 1320.13), the
proposed revisions to the reporting form
will be reviewed by the Board under the
authority delegated to the Board by the
Office of Management and Budget after
consideration of the comments received
during the public comment period.
(2) Proposed revisions
This section describes only the more
significant proposed changes; others are
self-explanatory. To facilitate review by
commenters, section (4) contains a
complete version—with revisions
indicated—of the proposed instructions
as found in Appendix A. Section (4) also
contains copies of the HMDA
transmittal sheet and reporting form, as
they would be revised under this
proposal.
Section 203.2 Definitions
203.2(e)(2)
The Board proposes to revise
subsection (e)(2) of the definition of a
financial institution to clarify that the
loan volume used to determine coverage
for nondepository mortgage lenders
refers to loan origination volume. Thus,
the test measures the percentage of an
institution’s home purchase loan
originations against its total loan
origination volume—not total loan
volume.
Section 203.4
Data

Com pilation o f Loan

203.4(a) Data Format and Itemization
This section would be amended to
reflect that home improvement loans
may be refinanced, in addition to home
purchase loans. (See also the proposed
revisions to the instructions at
paragraph II.A.l., below.)
Section 203.6 Enforment
203.6(a) Administrative Enforcement
The Board proposes revising this
section to make clear that civil money
penalties are part of the administrative
sanctions that section 305 of the Home
Mortgage Disclosure Act authorizes for
violations of HMDA reporting
requirements. The FIRREA legislation
containing the 1939 amendments to
HMDA provides for the use of civil,
money penalties on a much broader
scale than existed previously

correct response is “not applicable.” The
Board believes that establishing a single
code for this and other fields would
reduce the errors and the need for
I. General
corrections that would have to be made
on an institution’s LAR. The Board
A. Who M ust File a Report
solicits comments on this particular item
Paragraph 3. The Board proposes the
to determine whether the
addition of the word “origination” in
implementation of this type of change
paragraph 3 to be consistent with the
would cause an unwarranted disruption
planned changes to § 203.2(e)(2)
of
established computer or automated
discussed above.
reporting systems.
C. Format
e. Explanation o f purpose codes.
Code 1: Home purchase
Paragraph 1. This paragraph would be
Paragraph i. Under this proposed
revised to indicate that financial
change, a loan secured by a dwelling
institutions are expected to submit their
end made for the purpose of purchasing
LARs in automated format, unless they
a second dwelling would be subject to
have fewer than a specified minimum of
reporting under HMDA. The Board
reported transactions during the
believes that the effect of this change
calendar year. Among other changes, it
will be minimal, and that the
would also be amended to specify that
clarification is consistent with the
where hard copies are permitted, the
statutory language that refers generally
two copies submitted must be typed, not
to the reporting of mortgage loans
handwritten.
“secured by property” either within or
II. Completion of Register
outside an MSA. Paragraph II.C.3. of the
instructions (“Property location") has
A. D ata To be R eported
similarly been changed to be consistent
Paragraph 1. In conjunction with the
with this proposed revision.
proposed changes to § 203.4(a) of the
Code 2: Home im provem ent
regulation, paragraph 1 would be
Paragraph Hi. The proposed language
revised to indicate that certain
in paragraph iii. has been added to
refinancing of home improvement loans
address questions regarding the
are reportable, as are refinancing of
reporting of home equity lines of credit.
home purchase loans.
The proposal makes clear that while
Paragraph 2. The Board proposes to
normally a home improvement loan
add language concerning the treatment
must be reflected as a home
of brokered loan applications and
improvement loan on an institution’s
applications received through
records to be reportable, this
correspondent lenders. Given the
requirement does not apply in the case
frequency of questions received by the
of home equity lines of credit. However,
regulatory agencies, the Board believes
for the credit line to be reportable, the
that financial institutions need to be
lender must have determined that the
made more aware of their reporting
applicant intends to use at least a
responsibilities for these types of
portion of the proceeds of a dwellingtransactions.
secured credit line for home
B. D ata To Be Excluded
improvement purposes; the lender would
report only that portion, not the entire
Paragraph 1. The Board proposes to
line of credit. Paragraph iii. also makes
amend the parenthetical as shown to
clear that a lender that reports such
provide a more straightforward example
originations also must report
of a type of business-related loan that is
applications for home equity credit lines
riot to be reported under HMDA.
that do not result in originations (for
C. Item ization o f D ata
example, denials).
1.
Application or loan information. Code 3: Refinancings
Paragraph i. Paragraph i. would be
a. Application or loan number.
revised to incorporate guidance to
The Board proposes to revise
lenders regarding what is a refinancing
paragraph l.a. to bar the use of an
(that is, the satisfaction of an existing
applicant’s name or social security
obligation that is replaced by a new
number as part of the application or
obligation). However, renewals of short
loan number field. Lenders are still
term balloon-payment loans would not
permitted to use any other letters,
be reported—even if they could
numerals, or a combination of the two—
technically be considered a refinancing.
up to 25 characters long—as the
Paragraph iii. The Board proposes
application or loan number.
clarifying the reporting instructions in
b. D ate application received. The
paragraph iii. concerning refinancing.
Board proposes to provide a uniform
The proposed change instructs lenders
code of “0” to be used whenever the
Appendix A —Form and Instructions for
loan/A pplication R egister Instructions
to Lending Institutions

Federal Register / Vol. 56, No. 183 / Friday, September 20, 1991 / Proposed Rules_______ 47705
to report the full amount of a refinancing
if the outstanding loan balance, plus any
new funds earmarked by the consumer
for home purchase or home
improvement, exceed 50 percent of the
total new loan amount requested.
Lenders are not to report the refinancing
at all if 50 percent or less of the loan
proceeds (or the loan amount applied
for) are for home purchase or home
improvement.
g. Loan amount. Paragraph g. is being
revised to specify that loan amounts of
less than $500 should not be reported.
3. P roperty location.
Paragraph 3. would be revised in line
with the proposed change to paragraph
I.e. to cover instances in which a home
purchase loan is secured by one
dwelling, but made for the purpose of
purchasing another dwelling. Generally,
the geographic data should be recorded
for the property in which the security
interest is taken. However, if a home
purchase loan is secured by both
properties, the institution would report
the geographic data for the property
being purchased.
c. Census tract and d. Census tract
number.
The Board proposes to require the use
of 1990 census data to identify property
locations for data that are collected
beginning January 1,1992. The Board
believes this action is appropriate given
the obsolescence of the currently
utilized 1980 census materials, and given
the scheduled availability of 1990
materials from the Bureau of the Census
in time for the institutions to obtain the
updated information for use in 1992. The
Board believes switching to the use of
more current census materials at this
lime is necessary to provide greater
accuracy and meaning to analyses
performed using HMDA data.
Paragraphs c. and d. will be revised to
reflect this changed requirement.
Note that these two paragraphs have
also been revised to require the use of
the code “0” instead of "NA” for those
instances in which a financial institution
is not required to provide the property
location. As stated above, the Board
specifically requests comment on
whether adopting such a change would
result in undue burdens to financial
institutions in requiring changes to
existing formats for automated
reporting.
f. N ondepository lenders. Under the
proposal, a new paragraph would be
added to alert nondepository financial
institutions of the need to monitor loan
activity within MSAs. The statute and
regulation provide that a nondepository
mortgage lender is deemed to have a
branch office in any MSA where it
received five or more loan applications,

or originated or purchased five or more
home purchase or home improvement
loans, during the preceding calendar
year. In order for an institution to
establish that it is in compliance with
this “five or more loan” rule, however,
the institution must have kept complete
records on the geographic distribution of
its lending activity for the previous
calendar year. To comply with this rule,
nondepository mortgage lenders may
find it easier to give the property
location data for all loans relating to
property located within any MSA.
4. A pplicant Information—R ace or
national origin, sex and income.
e. Income. The Board proposes to
amend this paragraph to clarify that
institutions must report the total amount
of the gross annual income (of the
applicant and any co-applicant) that
they rely on in making their credit
decision. Monthly income or net income
figures should not be entered in this
column.
5. Type o f purchaser.
Paragraph a. The Board proposes to
revise this paragraph to address
explicitly those cases in which a loan
application w as not originated—code
“0” would be used for situations in
which a loan w as originated but not
sold, and it would also be used where a
loan was not originated at all.
6. Reasons fo r denial.
This paragraph would be revised to
state that the reasons for denial column
should be left blank if the action taken
was anything other than a loan denial.
There were indications in the reporting
of 1990 data that confusion among some
reporters may exist concerning the
similarity of certain terms. Code 5 under
the “Action Taken” column is entitled
‘‘file closed for incompleteness." That
code applies only if the financial
institution requests additional
information from the applicant pursuant
to section 202.9(c) of Regulation B, Equal
Credit Opportunity (12 CFR 202 et saq.)
and does not receive the information
within the time specified. In this
instance, no denial action has been
taken by the reporting institution. In
contrast, the reason for denial code
number 7 is phrased "credit application
incomplete." This code applies when the
loan application w as denied outright by
the financial institution because the
required credit materials were not
complete.
Forms: Loan/Application Register
Transmittal Sheet, Loan/Application
Register, and Loan/Application Register
Code Sheet
In addition to making minor editorial
and technical revisions. The Board
proposes to change the forms used by

financial institutions in compiling and
reporting their HMDA data as follows:
1. Financial institutions would supply
their tax identification number on the
transmittal sheet that accompanies their
data submission. This information will
assist the agencies in identifying any
duplicate submissions among covered
institutions.
2. The Loan/Application Register form
has been reformatted to illustrate more
clearly the information that lenders must
provide. These changes should help
reduce data entry errors on the LARs.
Text has been added to the top of the
form advising reporters that “All
columns (except Reasons for Denial)
must be completed for each entry. See
the instructions for details.” This
addition will alert financial institutions
of the need to consult the instructions
before attempting to complete entries on
the register, and to leave no columns
blank when information is required.
3. Consistent with the revised
instructions, the income column under
the “Applicant Information" heading has
been rephrased “Gross Annual Income
in thousands,” to avoid a problem that
was encountered in the reporting of 1990
data.
4. In accordance with proposed
changes in the instructions, the code for
all “not applicable” responses has been
changed to code "0” on the Loan/
Application Register Code Sheet. If
adopted, this change should result in
easier and more efficient entry of data
by financial institutions.
(3)
List o f Subjects in 12 CFR Part 203
Banks, Banking, Consumer protection,
Federal Reserve System, Home
mortgage disclosure. Mortgages,
Reporting and recordkeeping
requirements.
(5? Text o f p roposed revisions. For the
reasons ssi forth in this notice and
pursuant to the Board’s authority under
section W5(a) of the Home Mortgage
Disclosure Act (12 U.S.C. 2804(a)), the
Board proposes to amend Regulation C,
! is>nie Mor tgage Disclosure (12 CFR part
203) and revise the forms and
instructions thereto (Appendix A to part
203).

Certain conventions have been used
to highlight the proposed changes to the
regulation and the instructions. New
language is shown inside bold-faced
arrows, while language that would be
deleted is set off with brackets. Because
only minor changes to the regulation
itself are proposed, the Board is
publishing only those regulatory
sections that would be affected. A
complete copy of the proposed
instructions (including the HMDA
reporting forms) follows the ‘egulatory

Federal Register / Vol. 56, No. 183 / Friday, September 20, 1991 / Proposed Rules

47706

text. The reporting forms appear as they
would be adopted under the proposal—
they have not been highlighted to show
the proposed changes. The materials in
appendix B (regarding the form and
instructions for data collection on race
or national origin and sex) are not being
republished, as no changes are being
proposed that would modify those items.
PART 203—HOME MORTGAGE
DISCLOSURE
1. The authority citation for part 203
continues to read:
Authority: 12 U.S.C. 2801-2810.

2. Section 203.2(e) would be revised to
read as follows:
*

(e) Financial institution means:
*

(2.) A for-profit mortgage lending
institution (other than a bank, savings
association, or credit union) whose
home purchase loan originations
equaled or exceeded ten percent of its
loan ►o rig in a tio n ss volume, measured
in dollars, in the preceding calendar
year.
*

3. Section 203.4(a) introductory text
would be revised to read as follows:
§ 203.4

Compilation o f loan data.

(a) D ata form at and item ization. A
financial institution shall collect data
regarding applications for, and
originations and purchases of. home
purchase ► a n d home im provem ents
loans (including refinancings) (and home
improvement loans] for each calendar
year. These data shall be presented on a
register in the format prescribed in
Appendix A ► o f this p a r t s and shall
include the following items:
*

4. Section 203.6(a) would be revised to
read as follows:
§ 203.6 Enforcement.

(a) A dm inistrative enforcement. A
violation of the act or this regulation is
subject to administrative sanctions as
provided in section 305 of the [ a c t ] ,
► act, including the imposition of civil
money penalties, where applicable, s
Compliance is enforced by the agencies
listed in Appendix A of this
[regulation] ► p a r t s .
*

Public reporting burden for (this) collection
of ► t h i s - * information is estimated to vary
from 10 to 750 hours per response, with an
average of 120 hours per response, including
time to gather and maintain the data needed
and to review instructions and complete the
information collection. Send comments
regarding this burden estimate or any other
aspect of this collection of information,
including suggestions for reducing the burden,
to Secretary, Board of Governors of the
Federal Reserve System, Washington, DC
20551; and to the Office of Information and
Regulatory Affairs, Office of Management
and Budget, Washington, DC 20503.
Instructions to Lending Institutions

§ 203.2 Definitions.
*

Appendix A to Part 203— Form and
Instructions for Loan/Application
Register Loan/Application Register
Form

5. Appendix A to part 203 would be
revised to read as follows:

I. General
A. Who Must File A Report
1. Subject to some exceptions that are
discussed below, banks, savings associations,
credit unions, and other mortgage lending
institutions must complete a register listing
data about loan applications received, loans
originated, and loans purchased if on the
preceding December 31 the institution:
a. had assets of more than $10 million, and
b. had a home or a branch office in a
"metropolitan statistical area” or a "primary
metropolitan statistical area" (both are
referred to in these instructions by the term
•MSA”).
Example: If on December 31, [1989,] you
had a home or a branch office in an MSA and
your assets exceeded $10 million, you must
complete a register that lists the home
purchase and home improvement loans that
you originate or purchase during ► t h e next-*
calendar year [1990], and also lists
applications that did not result in an
origination.
2. You need not complete a register—even
if the tests for asset size and location are
met—if your institution is a bank, savings
association, or credit union and it made no
first-lien home purchase loans on one-to-four
family dwellings in the preceding calendar
year.
3. You need not complete a register—even
if the tests for asset size and location are
met—if your institution is a for-profit
mortgage lender (other than a bank, savings
association, or credit union) and the home
purchase loans that you originated in the
preceding year came to less than 10 percent
of your total loan ►o r ig in a tio n s volume,
measured in dollars.
4 . If you are a for-profit mortgage lender
(other than a bank, savings association, or
credit union) the asset test is based on the
combined assets of your institution and any
parent corporation.
5. If you are the subsidiary of a bank or
savings association you must complete a
separate register for your institution and
submit it, directly or through your parent, to
the agency that supervises your parent

B. Institutions Exempted From HMDA
Institutions that are specifically exempted
by the Federal Reserve Board from complying
with federal law because they are covered by
a similar state law on mortgage loan
disclosures must use the disclosure form
required by their state law.
C. Format
D You must use the format of this loan/
application register, but you are not required
to use the form itself. For example, you may
produce a computer printout instead. The
layout must conform exactly, however, to
that of this register, including the order of
columns, column headings, etc. Or you may
submit the data in machine-readable form
(see paragraph D.2. below).]
►
1. Institutions are expected to submit
data to their supervisory agencies in a
machine-readable form (unless fewer than 70
records are to be reported). The format must
conform exactly to the form FR HMDA-LAR.
including the order of columns, column
headings, etc. Contact your federal
supervisory agency for information regarding
procedures and technical specifications for
automated data submission. An institution
that submits its register in non-automated
form must send two copies that are typed or
computer printed and that use the format of
the loan/application register: you are not
required to use the form itself.-* Each page
must be numbered, and the total number of
pages must be given (for example, "Page 1 of
3").
2. The required data are to be entered in
the register for each loan origination, each
application acted [upon during the calendar
year, and each loan purchased] ► o n , and
each loan purchased during the calendar
year-*. Your institution [will have to]
► should-* decide on the procedure it wants
to follow—► f o r example,-* whether to begin
entering the required data when an
application is received, or to enter the data
when final action is taken (such as when a
loan goes to closing or an application is
denied). Keep in mind that an application is
to be reported in the calendar year when
final action is taken. Loan originations are to
be reported in the year they go to closing; do
not report applications for loans that have
been approved but [ t h a t] have not gone to
closing at year-end.
3. Your institution may [ u s e ] ►c o lle c t the
data on-* separate registers at different
branches, or separate registers for different
loan types (such as for home purchase or
home improvement loans, or for loans on
multifamily dwellings). [B u t] ►H o w e v e r.-*
you must submit [th e registers] ► a l l of the
data-* to your supervisory agency in one
► com plete-* package, with the prescribed
transmittal sheet: and an officer of your
institution must certify to the accuracy of the
data.
4 . Entries need not be grouped by MSA, or
chronologically, or by census tract numbers,
or in any other particular order. But make
sure the application or loan numbers
(discussed under paragraph Il.C l.a.^,-*
below) are unique. [If separate registers are
being maintained in various branches, your
institution could add a letter code to identify

Federal Register / Vol. 56, No. 183 / Friday, S e p te m b e r 20, 1991 / Proposed Rules
different branches, or assign series of
numbers to each branch, to avoid duplicate
numbers.]
[5. Number each page of your report,
indicating the total number of pages (for
example, “Page 1 of 25").]
D. Submission of Report; Release of
Disclosure Statements
1. You must submit the register to the office
specified by your federal supervisory agency
no later than March 1 following the calendar
year for which the data are compiled. A list
of the agencies appears at the end of these
instructions.
[2 Institutions are encouraged to submit
data in machine-readable form. Contact your
federal supervisory agency for information
regarding electronic submission.]
[3 If you submit your register in hard
copy, you must send two copies.]
[ 4 .] ► 2.-* The FFIEC (Federal Financial
Institutions Examination Council) will
prepare a disclosure statement from the data
[ t h a t] you submit. Your disclosure
statement will be returned to [you a t ] the
address [th a t you indicate] ►in d ic a te d -*
on the transmittal sheet. When you receive
that disclosure statement you must make a
copy available for inspection by the public
within 30 calendar days. You must make it
available at your home office and, if you have
physical branch offices in other MSAs, at one
branch office in each of those MSAs. (Your
agency can provide you with HMDA posters
that you can use to inform the public of the
availability of your disclosure statement.)

11. Completion of Register
A. Data To Be [sh o w n ] ►re p o rte d -*
1. [S h o w ] ►R e p o rt-* the data on home
purchase and home improvement loans that
you originated (or that were originated in
your name) and loans that you purchased
during the calendar year covered by the
report. Report these data even if the loans
were subsequently sold. Include refinancings
of home "purchase ► a n d home
improvement-* loans.
2. For these same types of loans, [s h o w ]
►re p o r t-* the data for applications that did
not result in originations—for example,
applications that your institution denied or
that the applicant withdrew during the
calendar year covered by the report. ► In the
case of brokered loan applications or
applications forwarded to you through a
correspondent, show the data for all loans
denied by your institution whether or not
they would have closed in your institution's
name. •* Include applications that were
received in the previous calendar year but
not acted upon until the calendar year
covered by the ►c u rr e n t-* register.
B. Data To Be Excluded
Do not report the following loan3 or
applications for loans: 1. Loans that, although
secured by real estate, are made for purposes
other than home purchase, home
improvement, or refinancing (for example, do
not report a loan secured by residential real
property for purposes of financing college
tuition, a vacation, or ►g o o d s for-* business
[operations)] ►inventory')-*;
2. Loans received in a fiduciary capacity
(for example, by your trust department);

3. Loans on unimproved land;
4 . Construction or bridge loans and other
temporary financing;
5. The purchase of an interest in a pool of
loans (such as mortgage-participation
certificates); or
6. The purchase solely of the right to
service loans.
C. Itemization of Data
Your loan/application register must include
the following:
1. Application or loan information.
a. Application or loan number. Enter an
identifying number [ o r code] that can be
used later to retrieve the loan or application
file. It can be any number of your choosing
(not exceeding 25 characters). You may use
letters, numerals, or a combination of both.
► D o not use the applicant's or borrower's
name or social security number.-*
[But m ake] ►M a k e - * sure that ail
numbers are unique within your institution. If
your register contains data for branch offices,
for example, you could use [c o d e s ] »*-a
letter or a numerical code-* to identify the
loans or applications of [particular]
►d ifferen t-* branches, or could assign ► a-*
certain series of numbers to particular
branches to avoid duplicate numbers.
b. Date application received. Enter the date
the loan application was received by your
institution by month, day, and year, using
numerals ► i n the form MM/DD/YY-* (for
example, [02/28/90] ►01/15/92 -*). [O r, if]
► I f - * your institution normally records the
date shown on the application form, you may
use that date. Enter ["N A ”] ► t h e code 0-*
for loans purchased by your institution.
c. Type. Indicate the type of loan (or loan
application) by entering the applicable code
from the following:
1—Conventional (any loan other than FHA,
VA or FmHA loans)
2—FHA-insured (Federal Housing
Administration)
3—VA-guaranteed (Veterans Administration)
4 —FmHA-insured (Farmers Home
Administration)
d. Purpose. Indicate the purpose of the loan
or application by entering the applicable code
from the following:
1—Home purchase (one-to-four family)
2—Home improvement (one-to-four family)
3—Refinancing (home purchase ► o r home
improvement,-* one-to-four family)
4 —Multifamily dwelling (home purchase,
home improvement, and refinancings)
e. Explanation of purpose codes.
Code 1: Home Purchase
i. This code applies to loans [m a d e ], and
to applications for loans, ►m a d e - * for the
purpose of purchasing a residential dwelling
for one to four families, if the loan is ► t o
be-* secured by [ a lien ] ► t h e dwelling
being purchased or by another dwelling-*.
ii. At your option, you may use code 1 for
loans that are made for home improvement
purposes but are secured by a first lien, if you
normally classify such first-lien loans as
home purchase loans.
Code 2: Home Improvement
i. Code 2 applies to loans and applications
for loans that (1) the borrowers have said will
be used for repairing, rehabilitating, or

47707

remodeling one-to-four family residential
dwellings, and (2) are recorded on your books
as home improvement loans.
ii. Report both secured and unsecured
loans.
iii. At your option, you may [re c o rd ]
► report-* a home equity line of credit as a
home improvement loan if the borrower or
applicant indicates at the time of application
or when the account is opened that some
portion of the proceeds will be used for home
improvement ►( e v e n if the credit line is not
recorded on your institution's books as a
home improvement loan). See Paragraph g.iii.
"Loan Amount," below, for further
instructions. If you choose to report
originations of home equity lines of credit,
you must also report applications for such
loans that did not result in originations.-*.
[(For such credit lines, under “Amount" in
paragraph g. below, enter only that portion of
the line which the borrower or applicant
indicates will be for home improvement
purposes.) Report only in the year the line is
established.]
Code 3: Refinancings
i. Use this code [o n ly ] for refinancings
► (and applications for refinancings)-* of
home purchase ► o r home improvement-*
loans on one-to-four family residential
dwellings. ► ( A refinancing involves the
satisfaction of an existing obligation that is
replaced by a new obligation undertaken by
the same borrower—but do not report
renewals of short-term ballon-pavment
loans.)-*
ii. Use this code whether or not you were
the original creditor on the loan being
refinanced, and whether or not the
refinancing [results in ] ►in v o lv es-* an
increase in the outstanding principal.
iii. Report the full amount of a refinancing
if [m ore than 50 percent of the loan
proceeds] ► t h e amount outstanding on the
original loan, plus the amount of new money
that-* is for home purchase or home
improvement ►p u rp o s e s (if any), is greater
than 50 percent of the total new loan amount.
Do not report a transaction if 50 percent or
less of the loan proceeds or the amount
applied for is for home purchase or home
improvement-*. [You may treat the amount
that is equivalent to the unpaid principal of
the original loan as being for home
purchase].
Code 4: Multifamily Dwelling
i. Use this code for loans and loan
applications on dwellings for five or more
families, including home purchase loans,
refinancings, and loans for repairing,
rehabilitation, and remodeling purposes.
ii. Do not use this code for loans on
individual condominiums or cooperative
units; use codes 1, 2, or 3 for such loans, as
applicable.
f. ►O w n e r- * Occupancy. Use the
applicable code to indicate whether the
property to which the loan or loan
application relates is to be owner-occupied
as a principal dwelling.
1—Owner-occupied as a principal dwelling
2—Not
owner-occupied
C3] ►O -* —Not applicable.

47708

Federal Register / Vol. 56, No. 183 / Friday, September 20, 1991 / Proposed Rules

i. Use code 2 or loans on second homes or
vacation homes, as well as on rental
properties.
ii. Use code 2 only for nonoccupant loans
or applications ► f o r nonoccupant loans, ■*
related to one-to-four family dwellings
(including individual condominium or
cooperative units).
iii. Use code [ 3 ] ► O-* if the property to
which the loan relates is a multifamily
dwelling; is not located in an MSA; or is
located in an MSA in which your institution
has neither a home nor a branch office.
iv. For purchased loans, you may assume
that the property will be owner-occupied as a
principal dwelling ►( c o d e 1)-* unless the
ioan documents or application contain
information to the contrary.
g. ►L o a n -* Amount. Enter the amount of
the loan or application. Round to the nearest
thousand ($500 should be rounded up to ► t h e
next-* $1,000). ► D o not report loans below
$500.-* Show in terms of thousands; for
example, a loan for $167,300 should be
entered as 167 ► a n d one for $15,605 as 16-*.
1. For home purchase loans that you
originate, [ “am ount"] ► “Loan Amount"-*
means the original principal amount of the
loan. For home purchase loans that you
purchase, [ “am ount"] ►" L o a n Amount” -*
means the unpaid principal balance of the
loan at the time of purchase.
ii. For home improvement loans (both
originations and purchases), you may include
unpaid finance charges in the amount if that
is how you record such loans on your books.
iii. For lines of credit secured by home
equity, include only that portion of the line
indicated by the applicant or borrower at the
time the application is made or when the
account is opened as being for the purpose of
home improvement. Report only in the year
the line is established.
iv. For a loan application that was denied
or withdrawn, enter the amount applied for.
v. If you offered to lend less than the
applicant applied for, enter the amount of the
loan if the offer was accepted by the
applicant. If the offer was not accepted, enter
the amount initially applied for.
2. Action taken. Indicate the type of action
taken on the application or loan by using
► one of-* the following codes:
1—Loan originated
2—Application approved but not accepted by
applicant
3—Application denied
4—Application withdrawn
5—File
closed for incompleteness
6—Loan purchased by your institution
a. Type of action taken. Do not report any
loan application still pending at the end of
the calendar year. You will report that
application in your register for the year final
action is taken.
1. Use code 2 where an application has
been approved by you, but where the
applicant fails to respond to your notification
of approval or your commitment letter within
the specified time.
ii. Use code 4 only when an application has
been expressly withdrawn by the applicant
►b e f o r e a credit decision w as made-*.
iii. Use code 5 if you sent a written notice
of incompleteness under section [202.9(c)]
► 202.9(c)(2)-* of Regulation B (Equal Credit

Opportunity) and if the applicant failed to
respond to your request for additional
information within the period of time
specified in your notice.
b. Date ► o f action taken-*. Enter the date
by month, day, and year, using numerals ► i n
the form MM/DD/YY-* (for example. [02 /
28/90] ►02/22/92-*).
i. For loans originated, enter the settlement
or closing date. ► F o r loans purchased, enter
the date of purchase by your institution.-*
ii. For applications denied, applications
approved but not accepted by the applicant,
and files closed for incompleteness, enter the
date that the action was taken by your
institution or the date the notice was sent to
the applicant.
iii. For applications withdrawn, enter the
date that you received the applicant’s express
withdrawal; or you may enter the date shown
on the notification from the applicant, in the
case of a written withdrawal.
3. Property location. In these columns [you
w ill] enter the applicable codes for the MSA,
state, county, and census tract [location s]
for the property to which a loan relates. ► F o r
home purchase loans secured by one
dwelling, but made for the purpose of
purchasing another dwelling, report the
property location data on the property in
which the security interest is to be taken. If
the home purchase loan is secured by more
than one property, however, report the
location data for the property being
purchased.-* (See paragraph [ e . ] ►3 .e .-*
below for treatment of loans on property
outside the MSAs in which you have offices.)
a. MSA. For each loan or loan application,
indicate the location of the property by the
MSA number. Enter only the MSA number,
not the MSA name. MSA boundaries are
defined by the U.S. Office of Management
and Budget; use the boundaries that were in
effect on January 1 of the calendar year for
which you are reporting.
b. State and county. [U se th e [ ► Y o u must
use the Federal Information Processing
Standard (FIPS)-* two-digit numerical code
for ► t h e - * state and the three-digit
numerical code for ► t h e - * county. ►T h e s e
codes are-* available from your regional
supervisory agency ► o r the FFIEC-*. [U se
only these established codes.] Do not use the
abbreviations used by the U.S. Postal Service.
c. Census tract. Indicate the census tract
[in w hich] ►w h e r e - * the property is
located.
i. Enter the code [" N A "] ►O -* if the
property is located in an area not divided into
census tracts on the U.S. Census Bureau’s
census-tract outline maps (see paragraph d.
below).
ii. If the property is located in a county
with a population of 30,000 or less in the
[1980] ►1 9 9 0 -* census, enter [ “NA”]
► the code 0-* or enter the census tract
number. To determine population, use the
Census Bureau’s [PC 80-1-A ] ^1990 CPH2-* population series even if the population
has increased above 30,000 since [1980]
►1990•*.
d. Census tract number. To determine the
census tract number, consult the U.S. Census
Bureau’s ►C e n s u s Tract + Street Index, and
for addresses not listed in the index, the
Census Bureau's-* census tract outline maps.

You must use the maps from the Census
Bureau’s [PHC80-2 series for the 1980
census] ^1990 CPH-3 series-*, or equivalent
[1980] ^1990-* census data from the
Census Bureau (such as [GBF/DIME files)]
► the Census TIGER/Line File)-* or from a
private publisher. [You will continue to use
the maps in the 1980 series until you are
advised differently by your supervisory
agency, even if more current maps are
available.]
e. Outside-MSA. For loans on property
located outside the MSAs in which you have
a home or branch office (or outside any
MSA), you may [e ith e r] enter [th e code
“NA" in ] the MSA, state, county, and census
tract [colu m n s] ►n u m b e rs-* or enter the
[ d a t a ] ► c o d e 0 in each of these columns.-*
[K eep in mind that if you are a for-profit
mortgage lending institution (other than a
bank, savings association, or credit union)
and (1) you received five or more loan
applications or (2) originated or purchased
five or more home purchase or home
improvement loans in an MSA in the
preceding year, you m ust com plete these
columns because you are considered to have
a branch office in that MSA, whether or not
you have a physical office there.]
►
f. Nondepository lenders. If you are a forprofit mortgage lending institution (other than
a bank, savings association, or credit union),
and in the preceding calendar year you
received applications for, or originated or
purchased, loans for home purchase or home
improvement adding up to a total of five or
more for a given MSA, you are deemed to
have a branch office in that MSA, whether or
not you have a physical office there. As a
result, you will have to complete these
columns for any transactions ini that MSA.
Because you must keep complete records
about lending within MSAs in ttye current
calendar year so as to report data accurately
the following year, to comply with this rule,
you may find it easier routinely to enter the
geographic information for any property
located within any MSA.-*
4.
►A p p lic a n t Information—-* Race or
national origin, sex, and income. Appendix B
of Regulation C contains instructions for the
collection of data on race or national origin
and sex, and also contains a sample form for
data collection. You may also use the form
that you use to obtain data on race or
national origin and sex under section 202.13
of Regulation R
a. Applicability. You must report this
information concerning applicants for loans
that you originate and applications that you
receive.
L You need not collect or report this
information for loans purchased; if you
choose not to, enter the [approp riate] code
► 0 , as-* specified in the lists under
paragraphs [ c .,] ► 4 . C . , - * d., and e. below
for "not applicable."
ii. If your institution is a bank, savings
association, or credit union that had assets of
$30 million or less on the preceding December
31, you may—but need not—collect and
report these data. If you choose not to, enter
the [appropriate codes] ► c o d e 0. as-*
specified in the lists under paragraphs [ c .,]
►4 .c .,-* d., and e. below for “not applicable.”

Federal Register / Vol. 56, No. 183 / Friday, September 20, 1991 / Proposed Rules
iii. If the borrower or applicant is not a
natural person (a corporation or partnership,
for example), use the [app ro priate] code
► 0 - * under paragraphs [ c .,] ►4 .c .,-* d„ and
e. below for lln o t applicable."
b. Telephone and mail applications. Any
[application forms] ► l o a n applications•*
mailed to applicants must contain a
collection form similar to that shown in
Appendix B, and you must record ► o n your
register-* the data on race or national origin
and sex if the applicant provides it. If the
applicant chooses not to provide the data,
enter the applicable code [n u m b er] for
“information not provided by applicant in
mail or telephone application" under
paragraphs [ c . ] ►4 .c .-* and d. below.
c. Race or national origin of borrower or
applicant. Use the following codes to indicate
the race or national origin of the applicant or
borrower under column "A” and of any co
applicant or co-borrower under column “CA.”
If there is more than one co-applicant,
provide this information only for the first co
applicant listed on the application form. ► I f
there are no co-applicants or co-borrowers,
entered the code 0 for “not applicable” in the
co-applicant column:-*
1—American Indian or Alaskan native
2—Asian
or Pacific Islander
3—Black
4—Hispanic
5—White
6—Other
7—Information not provided by applicant in
mail or telephone application
[ 8 ] ► O ^ —Not applicable
d. Sex of borrower or applicant. Use the
following codes to indicate the sex of the
applicant or borrower under column "A” and
of any co-applicant or co-borrower under
column "CA." If there is more than one co
applicant, provide this information only for
the first co-applicant listed on the application
[form :] ►f o r m . If there are no co-applicants
or co-borrowers, enter the code 0 for “not
applicable:"-*
1—Male
2—Female
3—Information not provided by applicant in
mail or telephone application
[ 4 ] ► O -*—Not applicable
e. Income. Enter the ►g r o s s annual-*
income that your institution relied upon in
making the credit decision.
i. Round all dollar amounts to the nearest
thousand (round $500 up to the next $1,000),
and show in terms of thousands. For
example, $35,550 should be reported as 36.
ii. For loans on multifamily dwellings, enter
["N A ."] ► O '*
iii. If no income is asked for or relied on in
the credit decision (such as in “no income
verification” type loans), enter ["N A .”]
► 0 .- *
5. Type of purchaser. [F or loans] ► E n t e r
the applicable code to indicate whether a
loan that your institution-* originated or
purchased [ a n d ] ►w a s - * then sold ► t o a
secondary market entity-* within the same
calendar y e a r[, enter the applicable code to
indicate the secondary market entity]:

[0 —Loan was not sold in calendar year
covered by register]
1—FNMA (Federal National Mortgage
Association)
2—GNMA (Government National Mortgage
Association)
3—FHLMC (Federal Home Loan Mortgage
Corporation)
4—FmHA (Fanners Home Administration)
5—Commercial bank
6—Savings
bank or savings association
7—Life
insurance company
8—Affiliate institution
9—Other type of purchaser
► 0 —Loan w as not sold in calendar year
covered by register/loan not originated-*
[a . If you originated or purchased a loan
and did not sell the loan that same calendar
year, enter code 0.]
[ b . ] ► a . - * If you sell a loan in a
succeeding year, you need not report the sale.
[ c . ] ►& .-* If you conditionally assign a
loan to GNMA in connection with a
mortgage-backed security transaction, use
code 2.
[ d . ] ► c.-* Loans “swapped" for
mortgage-backed securities are to be treated
as sales; enter the type of entity receiving the
loans that are swapped as the purchaser.
[ e . ] ► d . - * Use code 8 for loans sold in the
same year to an institution affiliated with
you, such as a subsidiary or a parent
corporation.
► e. If you originated or purchased a loan
and did not sell it during that same calendar
year, enter the code 0. Also use code 0 for
applications that were denied, withdrawn, or
approved but not accepted by the applicant;
and when files were closed for
incompleteness.-*
6. Reasons for denial. You need not enter
the reasons for the denial of an application.
But if you wish to do so, you may indicate up
to three reasons by using the following codes:
1—Debt-to-income ratio
2—Employment history
3—Credit
history
4—Collateral
5—Insufficient cash (downpayment, closing
costs)
6—Unverifiable information
7—Credit
application incomplete
8—Mortgage insurance denied
9—Other
► Leave this column blank if the "action
taken” on the application is not a denial. For
example, do not complete this column if the
application was withdrawn or the file was
closed for incompleteness.-* If your
institution uses the model form for adverse
action supplied in the appendix to Regulation
B (Form C -l in Appendix C, Sample
Notification Form, which offers some 20
reasons for denial), the following list shows
which codes to use.
a. [U se code] ►C o d e -* 1 for: Income
insufficient for amount of credit requested,
and Excessive obligations in relation to
income.
b. [U se cod e] ►C o d e - * 2 for: Temporary
or irregular employment, and Length of
employment.

47709

c. [U se cod e] ►C o d e -* 3 for: Insufficient
number of credit references provided;
Unacceptable type of credit references
provided; No credit file; Limited credit
experience; Poor credit performance with us;
Delinquent past or present credit obligatioi
with others; Garnishment, attachment,
foreclosure, repossession, collection action,
or judgment, and Bankruptcy.
d. [U se cod e] ►C o d e -* 4 for: Value or
type of Collateral not sufficient.
e. [U se code] ►C o d e -* 6 for: Unable to
verify credit references, Unable to verify
employment. Unable to verify income, and
Unable to verify residence.
f. [U se code] ►C o d e -* 7 for: Credit
application incomplete.
g. [U se cod e] ►C o d e -* 9 for: Length of
residence, Temporary residence, and Other.

III. Federal supervisory agencies
Send your loan/application register and
direct any questions to the office of your
federal supervisory agency specified below.
If you are the ►nondepository-* subsidiary
of a bank, savings association, or credit
union, send the register to the supervisory
agency for your parent institution.
► 1 . - * National banks and their
subsidiaries. District office of the Office of
the Comptroller of the Currency [serving the
district in w hich] ►supervising-* the
national bank [ o r subsidiary is located],
► 2.-* State member banks of the Federal
Reserve System, their subsidiaries, and
subsidiaries of bank holding companies.
Federal Reserve Bank serving the district in
which the state member bank [o r
subsidiary] is located ► ; the Federal
Reserve Bank specified by the Board of
Governors for institutions other than state
member banks ■*.
► 3.-* Nonmember insured banks (except
for federal savings banks) and their
subsidiaries. Regional Director of the Federal
Deposit Insurance Corporation for the region
in which the bank or subsidiary is located.
► 4 . - * Savings institutions insured under
the Savings Association Insurance Fund of
the FDIC; federally-chartered savings banks
insured under the Bank Insurance Fund of the
FDIC (but not including state-chartered
savings banks insured under the Bank
Insurance Fund), their subsidiaries, and
subsidiaries of savings institution holding
companies. [T o the District] ►R egional-*
or other office specified by the Office of
Thrift Supervision.
► 5 . - * Credit unions. National Credit Union
Administration, Office of Examination and
Insurance, 1776 G Street, NW., Washington,
DC 20456.
► 6 .- * Other depository institutions.
Regional Director of the Federal Deposit
Insurance Corporation for the region in which
the institution is located.
► 7.-* Other mortgage lending institutions.
Assistant Secretary for Housing, HMDA
Reporting—Room 9233, U.S. Department of
Housing and Urban Development, 451 7th
Street, SW. Washington, DC 20410.
By order of the Board of Governors of the
Federal Reserve System, September 17,1991.

William W. Wiles,
Secretary o f the Board.
[FR Doc. 91-22784 Filed 9-19-01; 8:45 am]
B IL L I N G C O D E 6 2 1 0 - W - M

Federal Register / Vol. 56, No. 183 / Friday, Septem ber 20, 1991 / Proposed Rules

47710

F o ^ FR HMDA-LAR
O M B No 7 1 0 0 -0 2 4 7 ' Approval expires Oecerr>Der 31. 1992
Hours per response: 1 0 -7 5 0 (120 average*
This report is required by taw ( 12 U S C 2 8 0 1 -2 8 1 0 ann \2 r F R 203)

LOAN/APPLICATfON REGISTER
TRANSMITTAL SHEET

You must complete this transmittal sheet (please type or print) and attach it to the Loan/Application
Register, required by the Home Mortgage Disclosure Act, that you submit to your supervisory agency.
R e p o rte r's id e n tific a tio n Num D er

Agency
C ode

R e porter's Tax Id e n tific a tio n Nurooer

L_________t - . I - _ . r -

___ _

t__ ___ - - :

I-

■

‘

The Loan/Application Register that is attached covers activity during 19_and contains a total o f _____________pages.
Enter the name and address of your institution. The disclosure statement that is produced by the FederalFinancial
lnsti*"tions Examination Council will be mailed to the address you supply below:

Nam e

Address

City. State. ZIP

Enter the name and telephone number o f a person who may be contacted if questions arise regarding your

_________________________
Nam e

(___ 1____________________
Teiepnone Numoer

If your institution is a subsidiary of another institution or corporation, enter the name of your parent:

Nam e

Address

City. State, Z IP

Enter the name and address of your supervisory agency (or your parent's supervisory agency):

Nam e

Address

City. State. ZIP

An officer of your institution must complete the following section.
I certify to the accuracy of this report.

report:

LO A N/APPLICATIO N R EG IS TER

Page___ 0f _____
Form FR HMDA-LAR
Agency
_______________________________________________________________________________________________________________________________________________________________________________________ ■

_ — — _______

N am # o< R eporting Institution

___________ _______

a n d S ta te

AH columns (except Reasons for Denial) must be com pleted for each entry. See the instruction* for details.
Application of
Loan information

Action Taken

Type

Pu/.
poae

Owner
Occu
pancy

to e n
em ooni
In
too*
aenda

R ace or
National Origin

Type

Oat*
(mnvckVyy)

footOiflit
MSA
Mumfcer

Two0*fl«
Stale
Coo*

T h re *
OiQlf
County
C od e

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Tf#ci

G ' o* j
Ann
Inconie

Sei

mouaano*

ty p e o* HeMCM*
Pur•0<
Oenia:
c h a t* '
o< Loan (Opliona’i

E x a m p le of L o a n O r ig in a te d
1

0 1 /1 5 /9 2

0 2 /2 2 /9 2

8840

059

4 | 2 | 1 | 9 | . | 8 ] 5

, 9 1 • , 9 i 8 ( 7 L6 : 5 : 4 , 3 : 2 • 1 ] 0 i

0 3 /2 0 /0 2

125

0 4 /3 0 /9 2

0450

015

1 1

L , ® : • i 6 i 8 1 7 , 4 13 19 ................................................................. .......

£ t a m p l e o i A p p h c a tio n D e n ie d

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[Actual Size - 8*5 x 14]

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Federal Register / Vol. 56, No. 183 / Friday, September 2 0 ,1991 / Proposed Rules

Appiication o'
Loan Njrtit'#!

Oaie
A opiiomor
A ec«v ed
i^fTVOd/vy)

Applicant Inlormation
A • AppUcant
CA • C o ^ p p i'c a /u

Property lo e e n o n

47711

47712

LOAN/APPLICATION REGISTER
CODE SHEET

Application or Loan Information

Applicant Information

Type:

Race or National Origin:

1 - Conventional (any loan other than FHA,
VA or FmHA loans)
2 -- FHA-insured (Federal Housing
Administration)
3 -• VA-guaranteed (Veterans Administration)
4 - FmHA-insured (Farmers Home
Administration)
Purpose:
1 - Home purchase (one-to-four family)

1 - American Indian or Alaskan Native
2 - Asian or Pacific Islander
3 - Black
4 - Hispanic
5 -W h ite
6 - Other
7 - Information not provided by applicant
in mail or telephone application
0 - Not applicable
Sex:

2 - Home improvement (one-to-four family)
3 -- Refinancing (home purchase or home
improvement, one-to-four family)
4 - Multifamily dwelling (home purchase, home
improvement, and refinancings)
Owner-Occupancy:
1 - Owner-occupied as a principal dwelling

2 - Not owner-occupied
0 -- Not applicable
Action Taken:
1 - Loan originated
2 - Application approved but not accepted by
applicant
3 - Application denied by financial institution
4 - Application withdrawn by applicant
5 - File closed for incompleteness
6 - Loan purchased by your institution
B IL L IN G C O D E 6 2 1 0 - 0 1 -C

1 - Male
2 - Female
3 - Information not provided by applicant
in mail or telephone application
0 - Not applicable

Type of Purchaser

1 - FNMA (Federal National Mortgage Association)
2 - GNMA (Government National Mortgage
Association)
3 - FHLMC (Federal Home Loan Mortgage
Corporation)
4 - FmHA (Farmers Home Administration)
5 - Commercial Bank
6 - Savings Bank or Savings Association
7 - Life Insurance Company
8 - Affiliate institution
9 - Other type of purchaser
0 - Loan was not sold in calendar year
covered by register/loan not o'iginated

Reasons for Denial (optional)
1234 56789-

Debt-to-income ratio
Employment history
Credit history
Collateral
Insufficient cash (downpayment, closing costs)
Unverifiable information
Credit application incomplete
Mortgage insurance denied
Other

Federal Register / Vol. 56, No. 183 / Friday, September 20,1991 / Proposed Rules

Use the following codes to complete the Loan/Application Register. The instructions explain the proper use of each code.

Full text of District Notices (Federal Reserve Bank of Dallas) : Comments Requested on Proposed Amendments to Regulation C (Home Mortgage Disclosure), Notice 91-83

FRASER