When HMDA 2018 Rule Applies is selected, how does the Action Taken selected affect the
Action Taken Date within the Origination/Disposition area on the Calculations page?
When Action Taken is ‘1 = Loan originated’ the Note Date entered
in the Terms of Loan section of the Calculations page will default to the
Action Taken Date.
When Action Taken is ‘2 = Application approved but not accepted', '3 =
Application denied', '5 = File closed for incompleteness', '7 = Preapproval
request denied', or '8 = Preapproval request approved but not accepted' the
Action Taken Date will default the Application Package Disclosure
Date when you have selected Use the Application Package Disclosure
Date on Additional Application Documents on the Loan Definition page. If
you have not selected Use the Application Package Disclosure Date on
Additional Application Documents, the Action Taken Date will
default the Document Print or Mailing Date from such documents as the
Notice of Action Taken.
When Action Taken is ‘4 = Application withdrawn by applicant’ or ‘6 =
Purchased loan’ the Action Taken Date will default as blank.