HMDA - Reg C Final Rule
The CFPB issued the final amendments to HMDA on October 13, 2015. The final rule changes: 1) the types of institutions who are required to report; 2) the types of loans that are required to be reported; 3) the type of information that is required to be collected and reported; and 4) the processes for reporting data. The final rule also clarifies existing definitions and adds new definitions to match the new and updated requirements.
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