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A financial report prescribed by the State Board of Accounts for the Linden Public Library detailing receipts, disbursements, cash balances, and investment balances for the fiscal year ending 2008.
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What is LAR-1 (REVISED 2003)?
LAR-1 (REVISED 2003) is a reporting form used by financial institutions to disclose information related to their lending activities and compliance with fair lending laws.
Who is required to file LAR-1 (REVISED 2003)?
Institutions that are subject to the Home Mortgage Disclosure Act (HMDA) are required to file LAR-1 (REVISED 2003). This includes banks, credit unions, and other mortgage lending institutions.
How to fill out LAR-1 (REVISED 2003)?
To fill out LAR-1 (REVISED 2003), financial institutions must provide details such as loan application information, disposition of applications, applicant demographics, and loan data, following the instructions provided in the form guidance.
What is the purpose of LAR-1 (REVISED 2003)?
The purpose of LAR-1 (REVISED 2003) is to assist in the monitoring of lending patterns and to ensure compliance with fair lending laws, thereby promoting transparency in the mortgage lending process.
What information must be reported on LAR-1 (REVISED 2003)?
Information that must be reported on LAR-1 (REVISED 2003) includes the unique identifiers of the reporting institution, type of loan, loan amount, purpose of the loan, property type, applicant demographics, and the action taken on the application.
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