In HMDA reporting, LAR stands for which term?

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Multiple Choice

In HMDA reporting, LAR stands for which term?

Explanation:
Under HMDA, the term used for the data file that contains every mortgage loan application is the Loan Application Register. This is the official dataset lenders submit, recording details of each application and the outcome, and it’s the source regulators use to analyze lending patterns and fair-lending compliance. The other phrases don’t match the HMDA naming conventions or the actual data file used for reporting.

Under HMDA, the term used for the data file that contains every mortgage loan application is the Loan Application Register. This is the official dataset lenders submit, recording details of each application and the outcome, and it’s the source regulators use to analyze lending patterns and fair-lending compliance. The other phrases don’t match the HMDA naming conventions or the actual data file used for reporting.

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