Regulatory Alerts2021-05-13
CA 21-8: Resumption of Home Mortgage Disclosure Act (HMDA) Quarterly Reporting
The Board of Governors of the Federal Reserve issued Consumer Affairs Letter 21-8 to instruct all supervised financial institutions to resume quarterly Home Mortgage Disclosure Act data submissions. Institutions must file their 2021 first-quarter data, covering loans with final action dates between January 1 and March 31, 2021, by May 31, 2021. This directive supersedes the previous exemption granted during the pandemic and confirms that no enforcement actions will be taken for failures to file quarterly reports in 2020.
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