6. NULI. To possess a partially exempt purchase significantly less than 1003.3(d), a lender may report a ULI or good NULI. Find 1003.3(d)(5) and statements step 3(d)(5)-1 and you may -dos for tips on the fresh NULI.

Part cuatro(a)(1)(ii)

1. Software date – feel. Section 1003.4(a)(1)(ii) necessitates that, from inside the revealing the brand new time out-of application, a lending institution declaration the new time they obtained the program, given that laid out around 1003.2(b), or even the go out found on application form. Whether or not a financial institution need not find the exact same method for the entire HMDA submitting, it needs to be basically consistent (like by regularly on a single method contained in this a specific office of one’s organization and a group of loans). Should your standard bank decides to statement this new time found on the the application while the institution retains multiple brands of the application form, the institution reports new go out shown with the first form fulfilling the program meaning considering significantly less than 1003.2(b).

dos. Software date – indirect application. To possess a loan application that was perhaps not filed right to the brand new economic institution, the school can get statement the brand new big date the applying are obtained of the this new cluster one initially received the application, brand new time the applying is gotten by the business, or even the day found into application. In the event a business need not purchase the same method for its whole HMDA entry, it should be essentially consistent (particularly because of the consistently using one method in this a specific division of your organization and a category of funds). Weiterlesen