---
title: "Reporting HMDA Data: Occupancy Type"
description: Learn about the importance of reporting Occupancy Type accurately in HMDA data. Understand the updated requirements and potential scenarios that may not fit perfectly into the three options provided.
---

[Banker's Compliance Consulting Blog ](https://blog.bankerscompliance.com/en)

# [Reporting HMDA Data: Occupancy Type](https://blog.bankerscompliance.com/en/reporting-hmda-data-occupancy-type)

 Written by [David Dickinson](https://blog.bankerscompliance.com/en/author/david-dickinson) | Mar 15, 2024 5:28:39 PM

When you report HMDA data, you must be very meticulous because there is very little room for error. One data field that causes a lot of confusion is the Occupancy Type. One of the main reasons behind the confusion is that [HMDA](https://www.consumerfinance.gov/data-research/hmda/) used to require that you report the Owner Occupancy of the security property but that was changed back in 2018. Today, you are required to report how the security property is or will be used by the applicant as a/an:

1. Principal Residence
2. Second Residence
3. Investment Property

Keep in mind; however, that not every scenario will fit perfectly under one of these three options like, for instance, when you have a third-party pledging the collateral for the loan.

David explains more in the video.

Published  
2024/03/15

[View full post](https://blog.bankerscompliance.com/en/reporting-hmda-data-occupancy-type)

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