[Mary Beth Devillier]

We have a loan for consumer purpose to place a 2nd mortgage on primary dwelling to use proceeds to consolidate debt. I believe mostly credit card debt. Would I report this consumer transaction for HMDA purposes as “other”?

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[Kimberly Boatwright, CAMS, CRCM]

If the loan is not for a purchase, refinance (even cash out), or hoe improvement. Then you would use other.

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