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FEDERAL RESERVE BANK OF NEW YORK [ Circular No. 10499 December 12, 1991 T J REGULATION C Amendments, Including Changes Regarding the Use of 1990 Census Tract Information To All Institutions Subject to the Home Mortgage Disclosure Act in the Second Federal Reserve District, and Others Concerned: The Board o f Governors o f the Federal Reserve System has amended, effective January 1, 1992, its Regulation C, “Home Mortgage Disclosure.” The major change in the regulation requires financial institutions to begin using 1990 census tract numbers (instead o f 1980) to identify and re port property locations for loan applications received and actions taken on or after January 1, 1992. For the most part, the changes relate to the instructions and form that institutions must use in com plying with the annual reporting requirements. Enclosed — for banks, bank holding companies, thrift institutions, and others maintaining sets of the Board’s regulations — is a copy of the text o f the amendments to Regulation C, which has been reprinted from the Federal Register. Questions regarding this matter may be directed to our Compliance Examinations Department (Tel. No. 212-720-5914). E. G e r a l d C o r r i g a n , President. Board of Governors of the Federal Reserve System HOME MORTGAGE DISCLOSURE AM ENDM ENTS TO REGULATION C (Effective January 1, 1992) FEDERAL RESERVE SYSTEM SUPPLEMENTARY INFORMATION: (1) Background The Board’s Regulation C (12 CFR part [Regulation C; Docket No. R-0736] 203) implements the Home Mortgage Disclosure Act of 1975 (HMDA) (12 Home Mortgage Disclosure U.S.C. 2801 etseq.). The Financial Institutions Reform, Recovery, and AGENCY: Board of Governors of the Enforcement Act of 1989 (FIRREA) made Federal Reserve System. a number of significant amendments to ACTION: Final rule. HMDA. (Pub. L. No. 101-73, section 1211, 103 Stat. 183, 524-526.) These changes SUMMARY: The Board is publishing were reflected in amendments to revisions to Regulation C (Home Regulation C that took effect on January Mortgage Disclosure), including the 1.1990. (See 54 FR 51356, December 15, instructions and reporting form that 1989.) The regulation requires depository financial institutions must use in and ncndepository financial institutions complying with the annual reporting the* have over $10 million in assets and requirements. The major substantive change requires financial institutions to have offices in metropolitan statistical areas (MSAs) to disclose annually their begin using 1990 census tract numbers originations and purchases of mortgage (instead of 1980) to identify and report property locations beginning on January and home improvement loans, as well as applications they have received for such 1,1992. loans. EFFECTIVE DATE: January 1,1992. Under appendix A to the regulation, FOR FURTHER INFORMATION CONTACT: W. data must be recorded on a I-oan/ Kurt Schumacher, Staff Attorney, Application Register (HMDA-LAR) that Division of Consumer and Community reporting institutions must send to their Affairs, Board of Governors of the regulatory agency no later than March 1 Federal Reserve System, Washington. following the calendar year for which DC 20551. at 202-452-2412; for the they are reporting. The Federal hearing impaired only, contact Dorothea Financial Institutions Examination Thompson, Telecommunications Device Council (FFIEC) compiles the HMDA for the Deaf, at 202-452-3544. For data for each institution and then issues information regarding the Board’s annual disclosure statements to the approval of the reporting form under the reporting institutions. Within 30 days Paperwork Reduction Act only, contact after receiving their statements from the Frederick J. Schroeder, Federal Reserve FP’IEC, institutions must make them Board Clearing Officer, Division of available to the public for inspection Research and Statistics, Board of and copying at their home office and in Governors of the Federal Reserve at least one branch office in each MSA. System, Washington, DC 20551, at 202The FFIEC also compiles the HMDA 452-3829, or Gary Waxman, OMB Desk data for all institutions in each MSA and Officer, Office of Information and sends aggregate reports to central data Regulatory Affairs, Office of depositories located in each MSA. Management and Budget. New In processing and reviewing the Executive Office Building, room 3208, HMDA-LARs submitted by financial Washington. DC 20503, at 202-395-7340. institutions for the 1990 calendar year 12CFR Part 203 (which was 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 Department of Housing and Urban Development) identified the need for certain changes to the instructions and form used in reporting HMDA data. The Board published a proposed rule in the Federal Register detailing these changes (56 FR 47703, September 20,1991). This final rule incorporates many of the proposed changes, which will allow for the more efficient and accurate collection and submission of home mortgage data by financial institutions. The final rules major change relates to census tract numbers. For loan applications received and actions taken on or after January 1,1992, the regulation requires that financial institutions report property location using 1990 census tracts. The HMDALARs containing these new census data will be due to the supervisory agencies by March 1.1993. Institutions are reminded that for 1991 lending activity, they are required to use 1980 census tract numbers in reporting property location information on the HMDA-LARs; these HMDA-LARs are to be submitted to regulators by March 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’ income level, and age of housing stock). Because many changes have occurred since 1980, use of 1990 census tracts and demographics will produce more PRINTED IN NEW YORK, FROM FEDERAL REGISTER, VOL. 56, NO. 228, pp. 59853-59864 For Regulation C to be complete, retain: 1) Pamphlet effective January 1, 1990. 2) This slip sheet. [Enc. Cir. No. 10499] accurate and useful data in the HMDA disclosure statements and aggregate reports. To ensure that institutions covered by HMDA are able to obtain the necessary materials to comply beginning January 1992. the HMDA supervisory agencies are working closely with the Bureau of the Census in seeking ways to expedite the distribution of census materials. These materials consist of: (1) An index of street addresses-census tract numbers, and (2) outline maps to locate properties not listed on the index. The maps are available now and the index will be available by year-end, both in automated and hard-copy form, from the Census Bureau. A direct mailing to all lenders that reported HMDA data for calendar year 1990 will inform them of the change to 1990 census tracts and will provide Census Bureau order forms for obtaining the necessary census materials. (2) Revisions This section describes the more significant changes that have been made to the regulatory provisions and instructions for completing the HMDALAR. Other changes are selfexplanatory and are simply stylistic in nature. In addition, many of the headings and subheadings found in the instructions in appendix A have been redesignated. Section 203.2 Definitions 203.2(c)(2) The Board has made a technical change to subsection (c)(2) of the definition of branch office. A misspelling has been corrected to reflect that this subsection applies to mortgage lending institutions that take applications from the public for home ‘ purchase’’ or home improvement loans—not home "purchases" as was previously slated. 203.2(e)(2) The Board has revised subsection (e)(2) of the definition of 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 Compilation o f Loon Data 203.4(a) Data format and itemization. As addressed in the proposal, this section has been amended to reflect that home improvement loans that are refinanced are to be reported, as are refinancings of home purchase loans. (See also the revisions to the instructions at paragraph IV.A.l., below.) Section 203.6 Enforcement 203.6(a) Administrative enforcement. Given the importance of accurate and timely submissions of HMDA data, the Board has adopted the proposed language and has revised 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. Appendix A to Part 203—Form and Instructions for Completion o f Loan/ Application Register I. Who Must File a Report Paragraph C. In keeping with the revision to § 203.2(e)(2), the Board has revised paragraph C to read “total loan origination volume." to indicate that refinancings of home improvement loans are to be reported, as are refinancings of home purchase loans. Paragraph 3. The Board has added language to the instructions concerning brokered loan applications and applications received through correspondent lenders. Given the frequency of questions received by the regulatory agencies, the Board has clarified reporting responsibilities for these types of transactions. Language has been added to remind reporters that the race or national origin, sex and income data—items required of most institutions when reporting the denial of applications—are required for these applications as well. B. Data to be excluded. Paragraph 1. The Board has amended the parenthetical language to provide a more straightforward example of a type of business-related loan that is not reported under HMDA. V. Instructions for Completion of Loan/ Application Register A. Application or loan information. II. Required Format and Reporting 1. Application or loan number. Procedures In response to comments received on Paragraph A. Paragraph A has been the proposal, the Board has decided revised to indicate that financial against barring at this time the use of an institutions generally are expected to applicant’s name or social security submit their HMDA-LARs in automated number as part of the identification format. In response to comments number. Commenters noted that many lenders' systems use this type of received, the Board has increased the information internally to identify number of HMDA-LAR transactions qualifying for non-automated applications and loan accounts, and that submission from 70 to 100. This implementing a different system for paragraph also specifies that in the case purposes of HMDA would be disruptive. of hard copy submissions, the two Nonetheless, because of privacy copies submitted must be typed, not considerations, the Board and other handwritten. agencies encourage reporters to refrain Each of the agencies has issued from using the names or social security technical specifications for the numbers of borrowers or applicants in institutions they supervise to use in this manner. Though lenders are not submitting HMDA data in automated required to release the HMDA-LAR form. Various vendor packages are data to persons other than their available on the market for collecting supervisory agencies, neither are they HMDA data. To assist institutions that prohibited by Regulation C from doing have not purchased or have not so. There is, however, potential for developed their own software program damage or misuse resulting from the for data entry, several of the agencies intentional or inadvertent release of this provide software programs on PC privacy-sensitive information by a diskettes, free of charge, that institutions financial institution. Thus, institutions may use for this purpose. For further should have appropriate safeguards to information regarding automated ensure that the sensitive data submission, lenders should contact their (application or loan number, date of HMDA supervisory agency. application, and date of action taken) are not released to the public. IV. Types of Loans and Applications 2. Date application received. Covered and Excluded by HMDA The Board had proposed adopting a A. Types o f loans and applications to uniform code of "0” (zero) to be used in this date field and in other fields on the be reported. Paragraph 1. In keeping with the HMDA-LAR whenever the correct entry is “not applicable.” Although the Board revisions to section 203.4(a) of the regulation, paragraph 1 has been revised believes that establishing a single code 2 for this purpose would be beneficial in reducing errors, it appears that implementation of this change would cause an unwarranted disruption of established computer or automated reporting systems. Therefore, the Board has retained the existing codes for “not applicable” in this and other data fields. 5. Explanation o f purpose codes. Code 1: Home purchase. Paragraph a. The Board has revised this paragraph, in line with the proposal, to indicate that a loan secured by a dwelling and made for the purpose of purchasing a second dwelling is subject to reporting under HMDA. The Board believes that these transactions, though relatively uncommon, are within the ambit of the statutory provisions that speak generally of the reporting of mortgage loans “secured by property” either within or outside an MSA. Paragraph V.C. of the instructions (“Property location”) has similarly been changed. Code 2: Home improvement. Paragraph c. Language has been added to address the reporting of home equity lines of credit. Normally a home improvement loan must be reflected as a home improvement loan on an institution’s records to be covered by HMDA; the new language clarifies that this particular requirement does not apply in the case of home equity lines of credit. In order to report a credit line, however, the lender must have determined that the applicant intends to use a portion of the line for home improvement purposes. The lender will report only that portion, not the entire line of credit. Paragraph c. has likewise been revised to make clear that a lender reporting originations must also report the disposition of applications for such home equity credit lines that do not result in originations (for example, denials). Code 3: Refinancings. Paragraph a. Paragraph a. has been revised to give guidance to lenders regarding a “refinancing"—the satisfaction of an existing obligation that is replaced by a new obligation. The language has been modified from that proposed to delete a reference to short-term balloon-payment loans. Instead, the Board has added language to specify that refinancings (regardless of the term of the borrower’s previous obligation) are not reported on the HMDA-LAR if the lender is unconditionally obligated to refinance or renew the loan, or is obligated to refinance or renew it subject to conditions within the borrower's control. Paragraph c. New language clarifies that lenders are to report 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 loan amount requested or approved. 8. Loan amount. Paragraph 8. has been revised to make clear that loan amounts of less than $500 should not be reported. A number of commenters expressed interest in reporting such transactions. The Board believes, however, that a distortion in the data would result if institutions were permitted to “round up" to $1,000 application requests or loans of less than $500. Moreover, given the volume of data being reported, the Board does not find it feasible to have lenders report loan amounts in smaller increments than in thousands. The Board notes, however, that an institution that wants to make the full extent of its home improvement lending known in its community, for purposes of the Community Reinvestment Act, has the option of providing data about such lending as part of its CRA public file. The Board has revised subparagraph c. to clarify that the loan amount reported for home equity credit lines should be only that portion earmarked by the applicant for home improvement regardless of the type of action taken (whether the application resulted in a loan origination or denial, for example.) C. Property location. Paragraph C. has been revised (in line with the changes adopted in paragraph V.A.5.) to cover instances in which a home purchase loan secured by one dwelling is made for the purpose of purchasing another dwelling. As was stated in the proposal, the geographic data generally 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 should report the geographic data for the property being purchased. Note that, for reasons discussed above, the Board decided against requiring the use of the code ”0" (zero) instead of “NA" for “not applicable,” as had been proposed. Thus, institutions will continue to enter "NA" for instances in which a financial institution is not required to provide the property location. Paragraphs 3. and 4. Census tract and Census tract number. Revisions in paragraphs 3. and 4. require the use of 1990 census data to identify property locations beginning 3 January 1,1992. As discussed in the proposal, the 1980 census data are in many instances significantly out of date. The Board believes that moving to the 1990 census data is therefore essential given the need to provide greater accuracy and meaning to analyses performed using HMDA data. (The 1980 census tract numbers are still required on the HMDA-LARs for the 1991 reporting year, which are due to the supervisory agencies by March 1, 1992.) The Board and the other supervisory agencies are working closely with the Bureau of the Census to ensure that institutions can obtain the appropriate 1990 census tract materials in time for use in 1992. A direct mailing to all lenders that reported HMDA data for calendar year 1990 will inform them of the change to 1990 census tracts and will provide order forms for obtaining the necessary census materials from the Census Bureau. 6. Nondepository lenders. A new paragraph has been added to alert nondepository institutions of the need to monitor loan activity within MSAs. The statute and regulation provide that a nondepository mortgage lendei 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. This means that, to establish its compliance with this “five or more loan" rule, an institution must have kept complete records on the geographic distribution of its lending activity for the previous calendar year. Nondepository mortgage lenders may find it easier, and are encouraged, to give the property location data for all loans relating to property located within any MSA. In that way they can be assured of being in compliance with the regulation. D. Applicant information—race or national origin, sex and income. 5. Income. The Board has amended 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 or net income figures are not to be entered in this column. E. Type o f purchaser. Paragraph 1. Institutions will continue to use code “0" in situations where a loan is originated or purchased but not sold in the calendar year covered by the report. As the revision to this paragraph makes clear, lenders should also use this code whenever the action taken on an application is something other than an origination (for example, a loan denial). F. R easons fo r denial. Paragraph 2. This paragraph has been revised to make clear that the “reasons for denial” column should be left blank if the action taken was anything other than a loan denial. In processing the 1990 data, the agencies noted apparent confusion among some reporters concerning the similarity of terms relating to incompleteness. Code 5 under the “Action Taken" column is entitled “file closed for incompleteness.” When Code 5 is used to describe the action taken, the reasons for denial column must be left blank. Code 5 under “Action Taken” applies to a transaction in which the financial institution has requested additional information from the applicant pursuant to section 202.9(c) of Regulation B (Equal Credit Opportunity, 12 CFR 202 e t seq.), has given the applicant time to respond, and haa not received the information within the time specified. In contrast, code 7 under reasons for denial (phrased “credit application incomplete") applies when a loan application has been denied outright by the financial institution because the required credit materials were not complete. Thus, code 7 may only be used when code 3, “application denied by financial institution,” has been entered in the action taken column. The income column under the “Applicant Information” heading has been relabeled “Gross Annual Income in thousands," to avoid a problem that was encountered in the reporting of 1990 data, whereby some lenders mistakenly reported monthly income. As discussed elsewhere, the Board decided against the adopting of a uniform code for the response “not applicable.” Thus, institutions must refer to the codes listed on the code sheet and in the instructions to determine the applicable code for each column. (3) Paperwork Reduction Act In accordance with section 3507 of the Paperwork Reduction Act of 1980, 44 U.S.C. chapter 35, and 5 CFR 1320.13, the revisions to Regulation C that relate to reporting requirements were approved under authority delegated to the Board by the Office of Management and Budget. The Board has determined that the revisions do not significantly increase the burden on the reporting institutions. However, the burden hours have been adjusted to reflect the actual number of covered lenders supervised by the Federal Reserve and the loan transactions they reported for the 1990 calendar year. The following information relates only to the effect of the reporting requirements on state member banks and mortgage banking subsidiaries that Loan/Application Register Transmittal are supervised by the Federal Reserve. Sheet. Loan/Application Register, and As indicated elsewhere in this notice, Loan/Application Register Code Sheet the Board's Regulation C applies to all In addition to minor editorial changes, depository and nondepository mortgage the Board has revised the transmittal lenders that had an office in a sheet that accompanies an institution s metropolitan statistical area and had data submission to require that assets of more than $10 million on the institutions supply their tax preceding December 31. identification number. This information Institutions other than state member will assist the agencies in identifying banks are supervised by other federal any duplicate submissions among agencies: the Office of Comptroller of covered institutions. The change takes the Currency, the Federal Deposit effect with the transmittal sheet that Insurance Corporatioft, National Credit will accompany the 1992 reports to be Union Administration, Office of Thrift submitted in 1993. Supervision, and Department of Housing The Loan/Application Register has and Urban Development. For purposes been reformatted to illustrate more of the Paperwork Reduction Act, these clearly the information that lenders must agencies report their own estimates of provide. These editorial and technical the paperwork burden imposed by the changes should help reduce data entry HMDA reporting requirements. errors. Text has been added to the top of A pproval Under OM B D elegated the form advising reporters that “All A uthority fo r the Following Information columns (except Reasons for Denial) Collection: must be completed for each entry. See Report title: HMDA Loan/Application the instructions for details." This Register. addition will alert financial institutions A gen cy form number: FR HMDAof the need to consult the instructions LAR. OM B d o cket n u m b e r 7100-0247. before attempting to complete entries on Reporters: State member banks and the register, and to leave no columns blank (with the possible exception of the mortgage banking subsidiaries of bank holding companies. reasons for denial). 4 Number Reporters State member banks. Mortgage banking subsidiaries. of respond ents Frequency Avg. hours per response 488 Annually..... 50 125 Annually..... 850 A n n u a l reporting hours: 130,550. Small businesses are not affected. G eneral description o f report. This information collection is mandatory (12 U.S.C. 2801-2810,12 CFR Part 203). The report collects information on applications for, and originations and purchases of, home purchase and home improvement loans, as discussed elsewhere in this notice. State member banks and mortgage banking subsidiaries of bank holding companies are required to complete the HMDA Loan/Application Register for a given calendar year and to send it to the Federal Reserve System by March 1 of the following calendar year. Other lending institutions submit their data through their respective federal supervisory agencies, with the exception of state chartered institutions in Connecticut and Massachusetts, which submit data through their state banking agencies. List of Subjects in 12 CFR Part 203 Banks, Banking. Consumer protection. Federal Reserve System, Home mortgage disclosure. Mortgages, Reporting and recordkeeping requirements. (4) Text of Revisions Because few changes to the regulation itself have been made, the Board is publishing only those regulatory sections that have been affected. Appendix A (which contains the instructions and the HMDA reporting form), on the other hand, is published in its entirety following the regulatory provisions. Appendix B (which contains the form and instructions for data collection on race or national origin and sex) is not being republished, as no changes were made to those items. For the reasons set forth in this notice and pursuant to the Board’s authority under section 305(a) of the Home Mortgage Disclosure Act (12 U.S.C. 2804(a)), the Board amends part 203, Home Mortgage Disclosure (12 CFR part 203) and the form and instructions thereto (Appendix A to part 203) as follows: 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 has been amended by revising the first sentence of paragraph (c)(2) and paragraph (e)(2) to read as follows: § 203.2 Definitions. * * * * * (c) Branch office means: * A * * * (2) Any office of a mortgage lending institution (other than a bank, savings association, or credit union) that takes applications from the public for home purchase or home improvement loans. * * * * * * * * (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 origination volume, measured in dollars, in the preceding calendar year. * * * * * 3. Section 203.4(a) has been revised to read as follows: § 203.4 Compilation of loan data. (a) Data form at a n d item ization. A financial institution shall collect data regarding applications for, and originations and purchases of, home purchase and home improvement loans (including refinancings of both) for each calendar year. These data shall be presented on a register in the format prescribed in appendix A and shall include the following items: * * * * * 4. Section 203.0(a) has been 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 act, including the imposition of civil money penalties, where applicable. Compliance is enforced by the agencies listed in Appendix A of this regulation. * * * * * 5. Appendix A to part 203 has been revised to read as follows: Appendix A to Part 203—Form and Instructions for Completion of HMDA Loan/Application Register Paperwork Reduction Act Notice Public reporting burden for collection of this information is estimated to vary from 10 to 10,000 hours per response, with an averaf. of 200 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. I. Who Must File a Report A. Subject to the exceptions 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 an institution. 1. Had assets of more than $10 million, and 2. 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 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 (and also lists applications that did not result in an origination) beginning January 1. B. You need not complete a register—even if you meet the tests for asset size and location—if your institution is a bank, savings association, or credit union that made no first-lien home purchase loans on one-to-four family dwellings in the preceding calendar year. This exception does not apply in the case of nondepository institutions. C. You need not complete a register—even if you meet the tests for asset size and location—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 calendar year came to less than 10 percent of your total loan origination volume, measured in dollars. D. If you are a for-profit mortgage lender (other than a bank, savin gs association , or credit union) the a sset test is b ased on the com bined a ssets o f your institution and any parent corporation. E. If you are the subsidiary o f a bank or savin gs association you must com plete a separate register for your institution. You w ill subm it the register, directly or through your parent, to the agency that su p ervises your parent. (See paragraph VI.) F. Institutions that are sp ecifically exem p ted by the Federal R eserve Board from com plying w ith the federal H om e Mortgage D isclosu re A ct b eca u se they are covered by a sim ilar state law on m ortgage loan disclosu res m ust u se the disclosure form 5 required by their state law and submit the data to their state supervisory agency. II. Required Format and Reporting Procedures A. Institutions are expected to submit data tu their supervisory agencies in an automated, machine-readable form unless 100 or fewer application and loan entries are 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 nonautomated form must send two copies that are typed or computer printed. You must use the format of the loan/ application register, but 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”). B. The required data are to be entered in the register for each loan origination, each application acted on, and each loan purchased during the calendar year. Your institution should decide on the procedure it wants to follow—for example, whether to begin entering the required data when an application is received, or to wait until final action is taken (such as when a loan goes to closing or an application is denied). Keep in n ind that an application is to be reported in the calendar year when final action is taken. Report loan originations in the year they go to closing; if an application has been approved but has not yet gone to closing at year-end, report it the following year. C. Your institution may collect the data on separate registers at different branches, or on separate registers for different loan types (such as for home purchase or home improvement loans, or for loans on multifamily dwellings). But make sure the application or loan numbers (discussed under paragraph V.A.I., below) are unique. D. Entries need not be grouped on your regif ter by MSA. or chronologically, or by census tract numbers, or in any other particular order. III. Submission of HMDA-LAR and Release of Disclosure Statements A. You must submit the data for your institution to the office specified by your 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. B. You must submit all required data to your supervisory agency in one complete package, with the prescribed transmittal sheet. An officer of your institution must certify to the accuracy of the data. C. You are encouraged to provide in a cover letter an approximate count of the total number of line entries contained in your data submission. If you are a depository institution, you also are asked to include a list of the MSAs where you have a home or branch office. D. The Federal Financial Institution Examination Council (FFIEC) will prepare a disclosure statement from the data you V. Instructions for Completion of Loan/ submit. Your disclosure statement will be Application Register returned to the name and address indicated A. A p p lic a tio n o r Loan Inform ation on the transmittal sheet. When you receive 1. A p p lic a tio n o r loan num ber. E n ter a n that disclosure statement you must make a id e n tify in g n u m b er that c a n b e u se d la te r to copy available for inspection by the public r e triev e th e lo a n or a p p lic a tio n file. It c a n b e within 30 calendar days of the date the statement is received by your institution. You a n y n u m b er o f y ou r c h o o sin g (not e x c e e d in g must make a complete copy available at your 25 c h a ra cters). Y ou m ay u se le tte r s, n u m er a ls, home office. If you have physical branch or a co m b in a tio n o f b oth . offices in other MSAs, you must make M a k e su re that a ll n u m b ers are u n iqu e available, at one branch office in each of w ith in y ou r in stitu tio n . If yo u r reg ister those MSAs. either the complete statement or c o n ta in s d a ta for b ran ch o ffic e s , for e x a m p le , the portion of the statement relating to that y o u c o u ld u se a le tte r or a n u m er ica l c o d e to MSA. id e n tify the lo a n s or a p p lic a tio n s o f d ifferen t Your agency can provide you with HMDA b r a n c h e s, or c o u ld a ss ig n a c erta in se r ie s o f posters that you can use to inform the public n u m b ers to p articu la r b r a n c h e s to a v o id of the availability of your disclosure d u p lic a te n u m b ers. Y ou are stro n g ly statement, or you may print your own e n c o u r a g e d n o t to u se the a p p lic a n t’s or posters. b o r r o w e r ’s n a m e or s o c ia l se c u r ity num ber, institution's books as a hom e im provem ent loan. If you choose to do so, you m ay report a home equity line of credit as a home im provem ent loan if the borrow er or applicant indicates, at the time of application or w hen the account is opened, that some portion of the proceeds will be used for home improvem ent. (See Paragraph 8. “Loan am ount,” below.) If you report originations of home equity lines of credit, you m ust also report applications for such loons that did not result in originations. C ode 3: R efinancings. a. Use this code for refinancings (and applications for refinancings) of home purchase or home im provem ent loans on oneto-four family residential dwellings. A refinancing involves the satisfaction of an existing obligation that is replaced by a new obligation undertaken by the sam e borrow er. But do not report a refinancing if, under the for p r iv a c y r e a s o n s. IV. Types of Loans and Applications Covered loan agreem ent, you are unconditionally 2. D a te a p p lica tio n re c eive d . E nter the d a te and Excluded by HMDA obligated to renew or refinance the the lo a n a p p lic a tio n w a s r e c e iv e d b y you r obligation, or you are obligated to renew or A. T yp es o f lo a n s a n d a p p lic a tio n s to b e in stitu tio n b y m onth , d a y , a n d y ea r, u sin g refinance the obligation subject to conditions rep o rted . n u m e r a ls in th e form M M /D D /Y Y (for w ithin the borrow er’s control. e x a m p le , 0 1 /1 5 /9 2 ). If yo u r in stitu tio n 1. Report the data on home purchase and b. Use this code w hether or not you w ere home improvement loans that you originated n o r m a lly re c o r d s the d a te s h o w n o n the the original creditor on the loan being (that is, loans that were closed in your name) a p p lic a tio n form , y o u m a y u se that d a te refinanced, and w hether or not the in ste a d . E nter ‘‘N A ’’ for lo a n s p u r c h a se d by and loans that you purchased during the refinancing involves an increase in the y o u r in stitu tio n . calendar year covered by the report. Report outstanding principal. 3. Type. In d ic a te the ty p e o f lo a n or these data even if the loans were c. Report a refinancing if the am ount subsequently sold by your institution. Include a p p lic a tio n b y en terin g the a p p lic a b le c o d e outstanding on the original loan, plus the from th e fo llo w in g : refinancings of home purchase and home am ount of new money (if any) that is for 1— C o n v e n tio n a l (a n y lo a n o th e r than FH A , improvement loans. home purchase or home improvem ent 2. Report the data for applications for home V A or F m H A lo a n s) purposes, is more than 50 percent of the total purchase and home improvement loans that 2— F H A -in su re d (F ed eral H o u sin g new loan a m o u n t Do not report a refinancing did not result in originations—for example, A d m in istr a tio n ) if 50 percent or less of the loan proceeds or applications that your institution denied or 3— V A -g u a r a n te e d (V e te r a n s A d m in istr a tio n ) the am ount applied for is for home purchase that the applicant withdrew during the 4— F m H A -in 9ured (F arm ers H o m e or home improvem ent. calendar year covered by the report. A d m in istr a tio n ) 3. In the case of brokered loan applications 4. Purpose. In d ic a te th e p u rp o se o f th e lo a n or applications forwarded to you through a or a p p lic a tio n b y en terin g the a p p lic a b le c o d e correspondent, show the data for all from the fo llo w in g : applications denied by your institution 1 — Home purchase (one-to-four family) (whether or not they would have closed in 2— H o m e im p r o v em en t (o n e -to -fo u r fam ily) your institution’s name). Report the race or national origin, sex, and income information, 3— R e fin a n c in g (h o m e p u r c h a se or h o m e im p r o v em en t, o n e -to -fo u r fam ily) unless your institution is a bank, savings association or credit union with assets of $30 4— M u ltifa m ily d w e llin g (h om e p u rch a se, h o m e im p r o v em en t, a n d r e fin a n cin g s) million or less on the preceding December 31. 5. E xplan ation o f p u rp o se codes. 4. Report applications that were received in C ode 1: H om e pu rch ase. the previous calendar year but were acted a. T h is c o d e a p p lie s to lo a n s an d upon during the calendar year covered by the a p p lic a tio n s m a d e for th e p u rp oee o f current register. B. D a ta To B e E x clu d ed Do not report loans or applications for loans of the following types: 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 goods for business inventory). 2. Loans made 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). 6. The purchase solely of the right to service loans. p u rch a sin g a r e s id e n tia l d w e llin g for o n e to four fa m ilie s, if the lo a n is to b e se c u r e d b y the d w e llin g b e in g p u r c h a se d or b y a n o th er d w e llin g . b. A t y ou r o p tio n , y o u m ay u se c o d e 1 for lo a n s that are m a d e for h o m e im p r o v em en t p u r p o se s but are se c u r e d b y a first lien , if y o u n o rm a lly c la s s if y su c h first-lien lo a n s a s h o m e p u r c h a se lo a n s. C ode 2: H om e im provem en t. a. C o d e 2 a p p lie s to lo a n s a n d a p p lic a tio n s for lo a n s th at (1) th e b o r r o w e r s h a v e s a id w ill b e u se d for rep airin g, re h a b ilita tin g , or rem o d e lin g o n e -to -fo u r fa m ily r e s id e n tia l d w e llin g s, a n d (2) are r e c o r d e d o n y ou r b o o k s a s h o m e im p r o v e m e n t lo a n s. b. Report both secured and unsecured lo a n s. c. A t y ou r o p tio n , y o u m a y report d a ta a b o u t h o m e eq u ity lin e s o f c red it— e v e n if the cr e d it lin e is n o t r e c o r d e d on y o u r 6 C ode 4 : M u ltifa m ily dw ellin g. a. 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. b. Do not use this code for loans on individual condominium or cooperative units: use codes 1, 2. or 3 for such loans, as applicable. 6. O w n er o ccu pan cy. Indicate w hether the property to which the loan or loan application relates is to he ow ner-occupied as a principal dwelling by entering the applicable code from the following: 1— O w ner-occupied as a principal dwelling 2— Not ow ner-occupied 3— Not applicable 7. E xplan ation o f co des. a. Use code 2 for second hom es or vacation homes, as well as rental properties. b. Use code 2 only for nonoccupant loans, or applications for nonoccupant loans, related to one-to-four family dwellings (including individual condom inium or cooperative units). c. Use code 3 if the property to which the loan relates is a m ultifam ily 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. d. For purchased loans, you m ay assum e that the property will be ow ner-occupied as a principal dwelling (code 1) unless the loan docum ents or application contain inform ation to the contrary. 8. Loan amount. Enter the amount of the loan or application. Do not report loans below $500. Show the amount in thousands rounding to the nearest thousand ($500 should be rounded up to the next $1,000). For example, a loan for $167,300 should be entered as 167 and one for $15,500 as 16. a. For home purchase loans that you originate, enter the principal amount of the loan as the loan amount. For home purchase loans that you purchase, enter the unpaid principal balance of the loan at the time of purchase as the loan amount. b. For home improvement loans (both originations and purchases), you may include unpaid finance charges in the loan amount if that is how you record such loans on your books. c. For home equity lines of credit (if you have chosen to report them), enter as the loan amount only that portion of the line that the applicant or borrower has indicated, at the time the application is made or when the account is opened, as being for home improvement. Report the loan amount for applications that did not result in originations in the same manner. Report only in the year the line is established. d. For refinancings that are to be reported, indicate the total amount of the refinancing, including the amount outstanding on the original loan and the amount of new money (if any). e. For a loan application that was denied or withdrawn, enter the amount applied for. f. 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 that the applicant applied for. B. Action taken 1. Type of action. Indicate the type of action taken on the application or loan by using one of the following codes. Do not report any loan application still pending at the end of the calendar year. You will report that application on your register for the year in which final action is taken. 1— Loan originated 2— Application approved but not accepted applicant 3— Application denied 4— Application withdrawn 5— File closed for incompleteness 6— Loan purchased by your institution or c lo s in g d a te . For lo a n s p u r ch a sed , e n ter the d a te o f p u r c h a se b y y o u r in stitu tio n . b. For a p p lic a tio n s d e n ie d , a p p lic a tio n s a p p r o v e d but n ot a c c e p te d by the a p p lica n t, a n d file s c lo s e d for in c o m p le te n e s s, e n te r the d a te that th e a c tio n w a s ta k e n b y you r in stitu tio n or the d a te the n o tic e w a s se n t to the a p p lica n t. c. For a p p lic a tio n s w ith d r a w n , e n ter the d a te y o u r e c e iv e d the a p p lic a n t’s e x p r e s s w ith d r a w a l: or y o u m a y e n te r th e d a te sh o w n o n th e n o tific a tio n from the a p p lic a n t, in the c a s e o f a w ritte n w ith d r a w a l. C. P ro p e rty location. In th e se c o lu m n s e n te r the a p p lic a b le c o d e s for the M SA , sta te , c o u n ty , a n d c e n s u s tract for the p rop erty to w'hich a lo a n r e la te s. For h o m e p u rch a se lo a n s se c u r e d b y o n e d w e llin g , but m a d e for the p u rp o se o f p u rch a sin g a n o th er d w e llin g , rep ort the p rop erty lo c a tio n for the prop erty in w h ic h th e se c u r ity in te r e st is to b e tak en . If th e h o m e p u r c h a se lo a n is se c u r e d b y m ore th a n o n e prop erty, report the lo c a tio n d ata for the p rop erty b ein g p u r ch a sed . (S e e p a ra g ra p h s 5. an d 6. b e lo w for treatm en t o f lo a n s o n prop erty o u ts id e the M S A s in w h ich y o u h a v e o ffic e s .) 1. M S A . For e a c h lo a n or lo a n a p p lica tio n , in d ic a te th e lo c a tio n o f the p rop erty b y the M S A nu m b er. Enter o n ly the M S A num ber, n o t th e M S A n a m e . M S A b o u n d a r ie s are d e fin e d b y the U .S. O ffic e o f M an a g em en t a n d B udget: u se th e b o u n d a r ie s that w e r e in e ffe c t o n January 1 o f the c a le n d a r y e a r for w h ic h y o u are reporting. A listin g o f M S A s is a v a ila b le from yo u r r e g io n a l su p e r v iso r y a g e n c y or th e FFIEC. (In th e se in stru ctio n s, th e term M S A r e fers to b o th m etr op olitan s ta tis tic a l a rea an d prim ary m etr op olitan S ta tistic a l area.) 2. S ta te a n d county. Y ou m ust u se the F ed era l In form ation P r o c e ss in g S tan d ard (FIPS) tw o -d ig it n u m er ica l c o d e for the sta te a n d the th r ee-d igit n u m er ical c o d e for the co u n ty . T h e s e c o d e s a re a v a ila b le from you r r e g io n a l su p e r v iso r y a g e n c y or the FFIEC. D o n o t u se the le tte r a b b r e v ia tio n s u se d by the U .S . P o sta l S e r v ic e . 3. C en su s tract. In d ic a te the c e n s u s tract w h e r e the p rop erty is lo c a te d . by a. E nter the c o d e “N A " if the p rop erty is lo c a te d in an a rea n o t d iv id e d in to c e n s u s tr a c ts o n th e U .S. C e n s u s B u reau's c e n s u s tract o u tlin e m a p s (See p aragrap h 4. b e lo w ). b. If the prop erty is lo c a te d in a c o u n ty w ith a p o p u la tio n o f 30.000 or le s s in the 1990 c e n s u s (a s d e erm in ed b y the C e n su s 2. Explanation of codes. a. Use code 2 when an application is approved but the applicant fails to respond to your notification of approval or your commitment letter within the specified time. b. Use coda 4 only when an application is expressly withdrawn by the applicant before a credit decision was made. c. Use code 5 if you sent a written notice of incompleteness under section 202.9(c)(2) of Regulation B (Equal Credit Opportunity) and the applicant failed to respond to your request for additional information within the period of time specified in your notice. 3. Date o f action. Enter the date by month, day, and year, using numerals in the form MM/DD/YY (for example, 02/22/92). a. For loans originated, enter the settlement Bureau’s 1990 C P H -2 p o p u la tio n se r ie s), e n ter h a s in c r e a s e d a b o v e 30.000 s in c e 1990), or yo u m ay en ter th e c e n s u s tract nu m b er. 4. Census tract num ber. For the c e n s u s tract number, c o n su lt th e U .S . C e n su s B u re a u 's C e n s u s T r a c t/S tr e e t In d e x for 1990, a n d for a d d r e s s e s n o t liste d in the in d e x , c o n su lt th e C e n s u s B u reau ’s c e n s u s tract o u tlin e m a p s. Y ou m ust u se the m a p s from the C e n s u s B u reau ’s 1990 C P H -3 se r ie s, or e q u iv a le n t 199Q*census d ata from th e C e n s u s B ureau (su ch a s the C e n s u s T IG E R /L in e F ile) or from a p r iv a te p u b lish er. 5. Outside-MSA. For lo a n s on prop erty lo c a te d o u ts id e the M S A s in w h ic h y o u h a v e a h o m e or b ran ch o ffic e (or o u ts id e a n y M S A ), y o u m a y e n te r th e M S A , sta te , c o u n ty . "NA" (even if the p o p u la tio n 7 and census tract num bers or you may enter the code “NA" in each of these columns. 6. N o n d e p o sito ry len ders. 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 im provem ent adding up to a total of five or more for a given MSA, you are deem ed to have a branch office in that MSA, w hether or not you have a physical office there. As a result, you will have to enter the MSA, state, county, and census tract num bers for any transactions in that MSA. Because you must keep accurate records about lending w ithin MSAs in the current calendar year in order to report data accurately the following year, to comply with this rule you m ay find it easier to enter the geographic inform ation routinely for any property located w ithin any MSA. D. A p p lic a n t inform ation —ra c e o r n a tio n a l orioin, sex, a n d incom e. A ppendix B of Regulation C contains instructions for the collection of d ata on race or national origin and sex, and also contains a sam ple form for d a ta collection. The form is substantially sim ilar to the form prescribed by § 202.13 of Regulation B (Equal Credit Opportunity) and contained in A ppendix B to that regulation. You m ay use either form. T. A p p lic a b ility . You m ust report this applicant inform ation for loans that you originate as well as for applications that do not result in an origination. a. You need not collect or report this inform ation for loans purchased. If you choose not to, enter the codes specified in paragraphs 3., 4., and 5. below for "not applicable.” b. If your institution is a bank, savings association, or credit union that had a ssets of $30 million or less on the preceding Decem ber 31, you m ay—but need not—collect and report these data. If you choose not to, enter the codes specified in paragraphs 3., 4., and 5. below for "not applicable.” c. If the borrow er or applicant is not a natural person (a corporation or partnership, for exam ple), use the codes specified in paragraphs 3., 4., and 5. below for “not applicable." 2. M a il a n d telep h o n e a p p lica tio n s. Any loan applications m ailed to applicants must contain a collection form sim ilar to that showm in A ppendix B, and you must record on your register the d ata on race or national origin and sex if the applicant provides it. If the applicant chooses not to provide the data, enter the code for "inform ation not provided by applicant in mail or telephone application" specified in paragraphs 3. and 4. below. If an application is taken entirely by telephone, you need not request this inform ation. (See A ppendix B for complete inform ation on the collection of this d ata in mail or telephone applications.) 3. R a ce o r n a tio n a l origin o f b o rr o w e r o r a pplican t. Use the following codes to indicate the race or national origin of the applicant or borrow er under column “A" and of any co applicant or co-borrow er under column “CA.” If there is more than one co-applicant, provide this inform ation only for the first co applicant listed on the application form. If there are no co-applicants or co-borrowers, enter code 8 for “not applicable” in the coapplicant 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— Not applicable 4. 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. If there are no co-applicants or co borrowers, enter code 4 for “not applicable." 1— Male 2— Female 3— Information not provided by applicant in mail or telephone application 4— Not applicable 5. Income. Enter the gross annual income that your institution relied upon in making the credit decision. a. Round all dollar amounts to the nearest thousand (round $500 up to the next $1,000), and show in terms of thousands. For example, $35,500 should be reported as 36, b. For loans on multifamily dwellings, enter “NA.” c. If no income information is asked for or relied on in the credit decision (such as in "no income verification” type loans), enter “NA.” E. Type of Purchaser 1. Enter the applicable code to indicate whether a loan that your institution originated or purchased was then sold to a secondary market entity within the same calendar year 0— Loan was not originated or 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 (Farmers Home Administration) 5— Commercial bank 6— Savings bank or savings association 7— Life insurance company 8— Affiliate institution 9— Other type of purchaser 2. Explanation of codes, a. Enter the code 0 for applications that were denied, withdrawn, or approved but not accepted by the applicant; and for files closed for incompleteness. b. If you originated or purchased a loan and did not sell it during that same calendar year, enter the code 0. If you sell the loan in a succeeding year, you need not report the sale. c. If you conditionally assign a loan to GNMA in connection with a mortgagebacked security transaction, use code 2. d. 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. Use code 8 for loans sold to an institution affiliated with you, such as your subsidiary or a subsidiary of your parent corporation. F. R e a so n s fo r D en ia l 1. You are not required to enter the reasons for the denial of an application. But if you choose 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 2. Leave this column blank if the "action taken” on the application is not a denial. Fo> example, do not complete this column if the application was withdrawn or the file was closed for incompleteness. 3. If your institution uses the model form for adverse action contained 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 enter. a. C od e J corresp o n d s to: Income insufficient for amount of credit requested, and Excessive obligations in relation to income. b. Code 2 corresponds to: Temporary or irregular employment, and Length of employment. c. C ode 3 co rresp o n d s to: 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 obligations with others; Garnishment, attachment, foreclosure, repossession, collection action, or judgment; and Bankruptcy. d. C ode 4 corresp o n d s to: Value or type of collateral not sufficient. e. Code 6 corresponds to: Unable to verify credit references. Unable to verify employment, Unable to verify income, and Unable to verify residence. 8 f. C ode 7 c o rresp o n d s to: Credit applicatio incomplete. g. C ode 9 co rresp o n d s to: Length of residence. Temporary residence, and Other reasons specified on notice. VI. Federal Supervisory Agencies Send your loan/application register and direct any questions to the office of your federal supervisory agency as 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. A. N a tio n a l b a n k s a n d th e ir su b sid ia ries. District office of the Office of the Comptroller of the Currency supervising the national bank. B. S ta te m e m b e r b a n k s o f th e F ed era l R e se rv e S y ste m , th e ir su b sid ia ries, a n d su b sid ia rie s o f ban k h oldin g com pan ies. Federal Reserve Bank serving the district in which the state member bank is located; for institutions other than state member banks, the Federal Reserve Bank specified by the Board of Governors. C. N o n m em b er in su red ba n k s (e x c e p t fo r fe d e r a l sa v in g s b a n k s) a n d th e ir su b sid ia ries. Regional Director of the Federal Deposit Insurance Corporation for the region in which the bank or the subsidiary is located. D. S a vin g s in stitu tio n s in su red u n d er the S a vin g s A ss o c ia tio n In su rance Fund o f th e FDIC, fe d e ra lly -c h a r te re d sa v in g s b a n k s in su re d u n der th e B ank In su rance Fund o f th e FDIC (bu t n o t in clu din g sta te -c h a r te re d sa v in g s b a n k s in su re d u n der th e B ank In su rance Fund), th e ir su b sid ia ries, a n d su b sid ia rie s o f sa v in g s in stitu tio n holdin g com pan ies. Regional or other office specified by the Office of Thrift Supervision. E. C red it unions. National Credit Union Administration, Office of Examination and Insurance, 1776 G Street, NW.. Washington. DC 20456. F. O th e r d e p o s ito r y institu tion s. Regional Director of the Federal Deposit Insurance Corporation for the region in which the institution is located. G. O th e r m ortgage len din g in stitu tio n s. 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, November 20,1991. William W. Wiles, S e c r e ta r y o f the Board. BILLING COPE 6210-01-M Form FR HMDA-CAR OMB N o . 7 1 0 0 -0 2 4 7 A p p ro v a l expiree O o c o m b a r 3 1 ,1 9 8 2 H o u ra p a r reeponae: 10 to 10,0 00 (2 0 0 a ve ra g e ) LOAN/APPLICATiON R EG ISTER T h is report la raqutrad b y law (1 2 U S C 2 8 0 1 -2 8 1 0 a n d 12 C F R 2 0 3 ) TR A N SM ITTA L S H E E T You mutt complttt this transmittal shoot (piosso typo or print) and attach It to tho Loan/Appflcatlon Royister, required by tho Homo Mortgage Disclosure Act, that you submit to your supervisory agency. R e p o rte r's Idanitflcatlon Num bar t . l - i ...I .1 .1 1.. Agency Coda R e p o rte r's T a x U I—I—I" I—L 1,1 .1 1 1 .J Identification Num ber The Loan/App!ication 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 Federal Financial Institutions Examination Council will be mailed to the address you supply below: N a m e of Institution A d d re ss City. State. ZIP Enter the name and telephone number of a person who may be contacted about questions regarding your register: ___________________________________ i _____ l_____________________________ Nam e Te le p h o n e N u m b a r If your institution is a subsidiary of another institution or corporation, enter the name of your parent: Nam e A d d re ss City, Stats. ZIP Ente the name and address of your supervisory agency (or your parent’s supervisory agency): Nam e A d d re ss C K y , S ta ts. Z IP An officer of your institution must complete the following section. I certify to the accuracy of the data contained In this register. Name of officer S ig n a tu re D ata LOAN/APPLICATION REGISTER Page__ of Form FR HMDA-LAR Agency Code Reporter's Identification Number Name of Reporting Institution City. State. ZIP AHcolumns (except Reasons for Denial) must be completed for each entry. See the instructions for details Application Of Loan Information Action Taken Typ« n AppacoUon or Loon NurnOor Otto Application Raooivod (mnVOO/yy) loan amount m Om w Occu ttKX/pancy •andi Applicant In to matron A • Applicant CA ■ CeAppkcant Proparry Location Pec* or ■redone! Origm Typo Cole (mm/dayy) PourD<gd MSA NuffiMr T«oOu<! Code Throe &QA County Code Sta-Og* Ceneue Tract S ia m S ee A CA A CA Oroaa Annual Income in tnooaanda fypa Ol Reeeone Pur»0> eftaaar Oenrei & loan (Opuoner) E i a a p l n oi Loan O rig in a te d L | B | * 16 18 17 14 13 10 1 i i Exam p la ol A p p lic atio n D nnind i t I 1 I I I I I I 0 |l|2 |3 ]4 ]9 |6 |7 i8 |9 |* ]9 |8 |7 |6 j5 |4 |3 |2 |l|0 | t I i 01/15/92 2 i 1 6S 1 02/22/92 8840 SI 059 4 ! 2 i I t 9 i . 18 | 5 3 8 l 4 24 7 | | j 03/20/92 1 i 1 125 3 04/30.92 0460 01 015 0 j 0 12 j 1 i . *0 10 S 4 2 1 55 0 i i i i i i i i t i i i i i i i i t i t i i i i i i i i i i i i i i i i t i i i i i i i i t i i i i i i i i i i i i i i i i t i t i i i i i i i i i i t t i i t t i i i i i i i i i i t i i i i i t i i i i i t i i i i i i i i i i t i i i i i i i i i i i i i i t i i i i i i t t i t i i i i i i i t i i t i i i i i t t i i i i i i i i i i i t i i i i i i i i i i i i i i i i i i t i i i i i i i i i i l t i t i i i i t i i i i i i t i i t i t i i t i i i i i t i i i i i i i i i i i i i i i i t i i i i i i i i i t t i t i i i i i t i i i i i i i i t i i i i i i i i t i i i i i i i i i t i i i i i i i i t i i i i i i i i i i t i i t t i i i i i i i i i i t t t i i i i i i i t i i i i i i i i t i i i i i i t i i i i i i i i i i i i i i i i i i i i t i i i i i i i i i t i i i t t i i i i i i i i i i i i i t i i i i t i l l l l l 1 1 1 1 l l 1 1 i 1 1 i l l l i l l ? 1 l 1 1 1 1 1 1 1 1 1 1 1 i 1 t 1 1 ! 1 1 .1 1 1 1 1 1 1 [ Actual S i z e : 8 - 1 / 2 " x 14"] i • 1 1 1:1.1. 4 1 S LOAN/APPLICATION REGISTER CODE SHEET U sg the following codes to complete the Loan/Application Register. The irtstructions to the HMDA-LAR explain the proper use of each code. 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-lour family) 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 3 - 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 dosed for incompleteness 6 - Loan purchased by your institution [FR Doc. 91-28336 Filed 11-25-91: 8:45 am| BILLING CODE 6210-01-C 123 4 5- American Indian or Alaskan Native Asian or Pacific Islander Black Hispanic White 6 - Other 7 - Information not provided by applicant in mail or telephone application 8 - Not applicable Sex: 1 - Male 2 -- Female 3 - Information not provided by applicant in mail or telephone application 4 - Not applicable T y p e of P u rc h a se r 0 - Loan was not originated or was not sold In calendar year covered by register 1 - FNMA (Federal National Mortgage Assodation) 2 -- GNMA (Government National Mortgage Association) 3 - FHI MC (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 R e a sons for D enial (op tio na l) 123456789- Debt-to-income ratio Employment history Credit history Collateral Insufficient cash (downpayment, closing costs) Unverifiable information Credit application incomplete Mortgage insurance denied Other
@FedFRASER