Appendix C suggests the needs to have producing a finger and you will verifying a ULI
six. NULI. Getting a partly exempt purchase around 1003.3(d), a loan company get report an effective ULI or a beneficial NULI. Pick 1003.3(d)(5) and you will comments step 3(d)(5)-step one and you can -2 to own great tips on the brand new NULI.
Paragraph 4(a)(1)(ii)
step one. App time – texture. Section 1003.4(a)(1)(ii) requires that, for the revealing the new go out out-of software, a loan company statement brand new date they obtained the program, once the defined lower than 1003.2(b), or the day shown to your form. Even if a lender need not buy the exact same method for the entire HMDA submitting, it should be generally consistent (eg because of the consistently using one approach within a certain department of one’s establishment and a sounding fund). In case your financial institution chooses to statement the go out found toward the application form while the establishment retains several brands of your application form, the college reports brand new big date revealed towards the earliest form satisfying the application definition given lower than 1003.2(b).
dos. Software date – secondary software. To possess a credit card applicatoin that was not registered to brand new monetary organization, the institution get declaration new day the program was acquired by this new cluster one 1st acquired the program, brand new big date the application form are acquired from the business, or the time found into application. No matter if an organization shouldn’t have to find the same method for their entire HMDA distribution, it needs to be payday loan Black fundamentally consistent (such because of the regularly on one method contained in this a specific department of your own institution or a sounding finance).
step 3. Application big date – reinstated app. When the, into the same twelve months, a candidate requires a financial institution so you can reinstate an excellent counteroffer that the newest candidate prior to now didn’t deal with (otherwise requires the college so you can think again a software that has been refuted, taken, otherwise finalized to own incompleteness), the school may remove that request as extension of one’s before deal utilizing the same ULI otherwise NULI or because the a good the brand new transaction with a brand new ULI or NULI.
