CRCM Exam Dumps | Which of the following institutions is NOT subject to the coverage of HMDA? * Bank A, with assets of

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Question 151/253

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. Bank B

B. Mortgage Company C

C. Bank A

D. All the institutions are subject to HMDA

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Question 151/253

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