For HMDA purposes, the term "dwelling" does NOT include which of the following?
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A. B. C. D.A
The Home Mortgage Disclosure Act (HMDA) is a federal law that requires certain financial institutions to collect and report data about their mortgage lending activity. The definition of a "dwelling" under HMDA is important because it determines which types of loans are covered by the law.
According to HMDA, a "dwelling" is defined as a residential structure that contains one to four units, whether or not the structure is attached to real property. This definition specifically excludes timeshares, as well as any mobile homes that are not attached to real property.
Therefore, the correct answer to the question is D. Mobile homes not attached to real property are not considered dwellings for HMDA purposes. Single family dwellings and individual condominiums are both considered dwellings under HMDA, as long as they contain one to four units and are attached to real property.
It's worth noting that while timeshares are not considered dwellings for HMDA purposes, they may still be subject to other consumer protection laws and regulations.