Which of the following institutions is NOT subject to the coverage of HMDA?
• Bank A, with assets of $55 million and located in a large urban city, makes home improvement loans and some home purchase loans to existing customers, but no mortgage loans.
• Bank B, with assets of $9 million and located in a rural area, has several branches, also in rural areas, including one that makes home improvement and home purchase loans.
• Mortgage Company C, with assets of $75 million and a home office in a large East Coast city, makes exclusively home purchase loans.
A. All the institutions are subject to HMDA
B. Bank A
C. Bank B
D. Mortgage Company C
|
Download Printable PDF. VALID exam to help you PASS. |
 |