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This document provides a comprehensive financial report for the Hammond Public Library for the fiscal year that ended in 2008, including statements of receipts, disbursements, cash balances, and investment
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LAR-1 (REVISED 2003) is a regulatory form used by certain financial institutions to report demographic information about applicants for credit, including data on race, ethnicity, and gender, in compliance with the Home Mortgage Disclosure Act (HMDA).
Financial institutions that meet specific thresholds for loan originations in residential mortgage lending, such as banks, credit unions, and other lenders, are required to file LAR-1 (REVISED 2003).
To fill out LAR-1 (REVISED 2003), institutions must accurately input data concerning loan applications, including types of loans, applicant demographics, and outcomes of applications. Each field must be completed according to the guidelines set forth in the HMDA regulations.
The purpose of LAR-1 (REVISED 2003) is to promote transparency in the lending process by collecting and disseminating information about loan applicants. This helps in monitoring lending patterns and ensuring that institutions do not engage in discriminatory practices.
The information that must be reported on LAR-1 (REVISED 2003) includes applicant characteristics (such as race, ethnicity, and gender), loan type, loan amount, property location, action taken on the application, and any reasons for denial.
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