---
title: "HMDA Action Taken: Applicant Conditions vs. Property Conditions"
description: Understanding HMDA Action Taken codes can be tricky, especially when it comes to Applicant vs. Property Conditions. Learn how to navigate these nuances and avoid compliance pitfalls in this informative post.
---

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# [HMDA Action Taken: Applicant Conditions vs. Property Conditions](https://blog.bankerscompliance.com/en/hmda-action-taken-applicant-conditions-vs.-property-conditions)

 Written by [David Dickinson](https://blog.bankerscompliance.com/en/author/david-dickinson) | May 6, 2024 6:48:36 PM

Being a HMDA-Reporting financial institution brings many challenges from a compliance perspective. Certain data must be collected, when applicable, and then also reported, all which leaves very little room for error. While each data field has its own nuances and things that can trip you up, the Action Taken field is one that consistently causes problems. One of the main reasons, is that some of the available action taken codes don’t quite line up with other Regulations that may also come into play, like Regulation B. For example, there may be instances where you deny a loan application in accordance with Regulation B but that same application will be reported as “Application Approved but not Accepted” for HMDA. Thus, you need to be in tune with how [HMDA](https://www.consumerfinance.gov/data-research/hmda/) defines these options, and, in many cases, that starts with an understanding of “underwriting and creditworthiness conditions” and “customary commitment and closing conditions”.

David explains more in the video.

Published  
2024/05/06

 

[View full post](https://blog.bankerscompliance.com/en/hmda-action-taken-applicant-conditions-vs.-property-conditions)

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