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This document is an annual financial report for the Hancock County Public Library, detailing receipts, disbursements, cash balances, and investment balances for the fiscal year that ended in 2009.
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LAR-1 (REVISED 2009) is a report used by financial institutions to document their lending activities, specifically related to home mortgage disclosures, as part of compliance with the Home Mortgage Disclosure Act (HMDA).
All financial institutions, including banks, credit unions, and mortgage companies that originate a certain number of mortgage loans, are required to file LAR-1 (REVISED 2009) to ensure transparency in lending practices.
To fill out LAR-1 (REVISED 2009), institutions must collect and input relevant data such as loan amounts, applicant demographics, loan purposes, and whether loans were approved or denied, following specific instructions and definitions provided by regulatory authorities.
The purpose of LAR-1 (REVISED 2009) is to provide regulators and the public with insights into the lending practices of financial institutions, helping to identify patterns of discrimination, assess compliance with fair lending laws, and promote equitable access to credit.
LAR-1 (REVISED 2009) must report information including the type of loan, applicant's race, ethnicity, sex, income, property location, loan amount, application date, approval or denial status, and reasons for denial, among other required details.
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