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What does HMDA resubmission mean?
What happens if I resubmit my HMDA data?
When will HMDA data be filed with the CFPB?
What is the home mortgage disclosure act (HMDA) resubmission schedule and guidelines?
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.
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 Federal HMDA reporting agencies (the Board, CFPB, HUD, FDIC, NCUA, and OCC), referred to as the “appropriate Federal agency” in Regulation C, agreed that, beginning on January 1, 2018, all HMDA filers will file their HMDA data with the CFPB. The CFPB will process the HMDA data for the Federal HMDA reporting agencies and the FFIEC, and
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May 14, 2024 · The Guide is a valuable resource for assisting all institutions in their HMDA reporting. It includes a summary of responsibilities and requirements, directions for assembling the necessary tools, and instructions for reporting HMDA data.
📄️ Static Datasets. What is the difference between the static datasets? Next. HMDA Data Collection Timelines.
The Federal HMDA reporting agencies (the Board, CFPB, HUD, FDIC, NCUA, and OCC), referred to as the “appropriate Federal agency” in Regulation C, agreed that, beginning on January 1, 2018, all HMDA filers will file their HMDA data with the CFPB. The CFPB will process the HMDA data for the Federal HMDA reporting agencies and the FFIEC, and
