Regulatory AlertsRevised Home Mortgage Disclosure Act Examination Procedures
The Board of Governors of the Federal Reserve System issued revised Home Mortgage Disclosure Act examination procedures applicable to all supervised institutions, including those with assets of $10 billion or less. These updated procedures address HMDA data collected since January 1, 2018, incorporating changes from the Consumer Financial Protection Bureau’s amendments to Regulation C and the Economic Growth, Regulatory Relief, and Consumer Protection Act. The guidance integrates interagency testing guidelines and clarifies partial exemptions for institutions originating fewer than 500 closed-end mortgage loans or open-end lines of credit in the preceding two calendar years.
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