There are changes coming to HMDA reporting that credit unions need to understand. During this session, we'll review the HMDA reporting requirements in place for 2016, 2017, 2018 and beyond. We'll discuss reporting thresholds, which loans are covered under the rule, and what information credit unions have to collect and report. We'll also talk about timing for HMDA report filing and notices required to be posted.
Covered Topics
- Coverage in 2017, 2018, and beyond
- Types of loans that must be reported
- Information required on the Loan Application Register
- Government monitoring information collection
- Disclosure and notice requirements
- Common HMDA-LAR mistakes
- Changes to transactional and information requirements in 2018
- HMDA recommendations for now and 2018 and later