Regulatory AlertsCA 21-7: Revised A Guide to HMDA Reporting Getting It Right
The Board of Governors of the Federal Reserve System issued this letter to direct supervised institutions to utilize the revised 'A Guide to HMDA Reporting: Getting It Right!' for compliance with the Home Mortgage Disclosure Act. The updated guide assists financial institutions in meeting data collection and reporting requirements for HMDA data beginning January 1, 2021, incorporating amendments from the Dodd-Frank Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act. Reserve Banks are instructed to distribute this guidance to all supervised institutions and examination staff to ensure adherence to the CFPB's Regulation C rules.
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