CFPB Publishes 2021 HMDA Filing Guide

Weiner Brodsky Kider PC
Contact

Weiner Brodsky Kider PC

The CFPB recently released the Home Mortgage Disclosure Act (HMDA) Filing Instruction Guide for 2021. The guide includes instructions for data that is collected in 2021 and reported in 2022 and indicates that there are no significant changes to the submission process.  The Supplemental Guide for Quarterly Filers was also recently published.  Under HMDA, institutions that report 60,000 or more covered loans and applications are required to report HMDA data on both a quarterly and annual basis.  However, the CFPB issued a statement that, as of March 26, 2020, and until further notice, the CFPB will not bring enforcement actions against institutions who fail to report their HMDA data on a quarterly basis. The CFPB is not bringing enforcement actions due to challenges brought forth by the COVID-19 pandemic.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Weiner Brodsky Kider PC | Attorney Advertising

Written by:

Weiner Brodsky Kider PC
Contact
more
less

Weiner Brodsky Kider PC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.