loan application register

loan application register
loan application register ( LAR)
A document required by the Home Mortgage Discolure Act ( HMDA) to gather information indicative of possible discrimiantion. Lending institituions are required to collect information on the sex, race and ethnicity of loan applicants. At the end of each calendar year, the lender must provide the loan application register to its primary regulator no later than March 1 of the following year. Once the information is analyzed and returned in the form of a disclosure statement, the lender must make the information available to the public at its home office and, if requested, at any branch location. American Banker Glossary

Financial and business terms. 2012.

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