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      • To illustrate, if a loan file indicates June 4th as the application date, a LAR application date of June 1st or June 7th would not be counted as an error because it is within three calendar days of June 4th, but a LAR application date of May 31st or June 8th would be counted as an error because it is more than three calendar days from June 4th.
      www.federalreserve.gov/supervisionreg/caletters/CA 17-2 Attachment HMDA Resubmission Guidelines Final 08-10-17.pdf

      FFIEC HMDA Examiner Transaction Testing Guidelines

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  3. files.consumerfinance.gov › f › documentsFFIEC HMDA Examiner Transaction Testing FFIEC HMDA

    To illustrate, if a loan file indicates June 4th as the application date, a LAR application date of June 1st or June 7th would not be counted as an error because it is within three calendar days of June 4th, but a LAR application date of May 31st or June 8th would be

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  4. www.adiconsulting.com › four-common-hmda-reportingFour Common HMDA Reporting Errors: 2023 Edition

    • Action Taken: Non-originated applications. While some lenders use terms such as “withdrawn” and “denied” loosely, these terms have strict definitions.
    • Loan Purpose: Refinancing versus Other. Loan Purpose continues to trigger LAR errors, particularly with applications for refinancing of non-mortgage secured debt.
    • Loan Features on Home Equity Lines of Credit. The CFPB’s reporting threshold for open-end lines of credit fell from 500 to 200 in 2022. With that change, some lenders began reporting their Home Equity Lines of Credit (HELOCs) for the first time.
    • Commercial Loan Training and Procedures. Whether or not a commercial loan is HMDA-reportable can trip up even the most experienced compliance staff. Data requirements for reporting loans to individual, non-entity commercial borrowers (such as individuals purchasing property to rent to others, for example) are similar to the ones for consumer borrowers and differ from those of loans to typical commercial entities.

  5. www.federalreserve.gov › supervisionreg › calettersFFIEC HMDA Examiner Transaction Testing Guidelines

    Oct 17, 2008 · HMDA Table, examiners should not count the following differences between data in the HMDA LAR and in the loan files as errors: • Three calendar days or less in the date the application was received or the date shown on the application form reported pursuant to 12 CFR 1003.4(a)(1)(ii);

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  6. ffiec.cfpb.gov › documentation › fig2023 FIG (Filing Instructions Guide) | HMDA Documentation

    1) Application Date must be either a valid date using YYYYMMDD format or NA, and cannot be left blank. 2) If Action Taken equals 6, then Application Date must be NA, and the reverse must be true.

  7. blog.bankerscompliance.com › en › hmda-dataHMDA Data: Application Date - Banker’s Compliance

    Mar 31, 2023 · When it comes to the application date for HMDA, you need to ensure you are relying on how HMDA defines the application date. This may be different from the Regulation B application date and the TRID application date. However, when it comes to reporting the application date on your HMDA LAR, HMDA gives you a little wiggle room.

  8. www.ffiec.gov › hmda › guideA Guide To HMDA Reporting: Getting It Right!

    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.

  9. www.ffiec.gov › hmda › pdfA GUIDE TO HMDA Reporting - Federal Financial Institutions ...

    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