What if the telephone applicant says they do not wish to provide GMI. The LAR codes include one named the following for race, sex, and ethnicity: information not provided by applicant in mail, internet, or telephone application. For those instances, can the bank stop there on GMI, and report that code on the LAR? Or if that application ends up being an originated loan, is the bank expected to visually observe if we close the loan in person? Thank you.
