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What is the home mortgage disclosure act (HMDA) resubmission schedule and guidelines?
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Oct 9, 2013 · These guidelines describe transaction testing that the Consumer Financial Protection Bureau (CFPB) will conduct to verify the accuracy of institution-reported Home Mortgage Disclosure Act (HMDA) data during HMDA reviews.
- CFPB HMDA Resubmission Examination Procedures Guidelines
CFPB examination teams will follow these steps when...
- CFPB HMDA Resubmission Examination Procedures Guidelines
A resubmission means that you have already filed your HMDA submission and received a confirmation receipt, but you are submitting again for the same filing year. Beginning with data collected in 2017, filers will resubmit their HMDA data to the Bureau.
- HMDA Transaction Testing
- Illustrative Examples
- Sample Sizes and Thresholds for Streamlined HMDA Review
- HMDA Resubmission Schedule1
Before starting a HMDA review, CFPB examination teams should select a random sample of entries from the institution’s HMDA Loan Application Register (LAR). CFPB examination teams should also ask the institution to pull the loan or application files that correspond to the HMDA LAR sample entries. Once on-site, CFPB examination teams should check t...
The full HMDA Resubmission Schedule and Sample Sizes and Thresholds for Streamlined HMDA Review are available as Appendices (attached) and are also excerpted below.
If the number of errors in the Streamlined Review Sample is less than or equal to the number in column C below, the review is complete. If the number of errors exceeds the number in column C below, examiners should review the full sample indicated in column B of Appendix B, HMDA Resubmission Schedule, in order to determine whether the Resubmission ...
Institutions should be required to resubmit if the number of errors in the sample equals or exceeds the number in column C. 1 The HMDA Resubmission Schedule and the Streamlined HMDA Review Schedule apply to both depository and non-depository HMDA reporting institutions.
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The Home Mortgage Disclosure Act. HMDA requires many financial institutions to maintain, report, and publicly disclose information about mortgages. We will be performing scheduled system maintenance on September 25 from 6PM - 8PM EST.
Jan 1, 2019 · The HMDA Platform is open for annual filing from January 1 – March 1. The Platform remains available outside of the filing period for late submissions and resubmissions. If you need additional information to help get your file ready you can refer Filing Instructions Guide (FIG) section.
Mar 15, 2023 · 2021 Reportable HMDA Data: A regulatory and reporting overview reference chart – Reference tool for HMDA data required to be collected and recorded in 2021 and reported in 2022, as well as when and how to report HMDA data as “not applicable.”
Jan 1, 2024 · Regulation C requires many financial institutions to collect, report, and disclose certain information about their mortgage lending activity.
