Deadline July 1, 2020: HMDA Final Rule on Closed-End Loan Data Collection & Reporting

  • by ICBSD
  • Jun 05, 2020
  • 0

Date/Time
Date(s) - 06/05/2020
10:00 am - 11:30 am

Categories


Deadline July 1, 2020: HMDA Final Rule on Closed-End Loan Data Collection & Reporting

REGISTER

Don't miss this webinar.

Do you know what HMDA reporting is required before and after this mid-year transition? Even in the midst of pandemonium, reporting is still required. Ensure you know what the rules are before the July 1 deadline – it just might be good news for your institution!

PRICING

  • $230 – Live Webinar
  • $230 – Recorded Webinar + Free Digital Download
  • $350 – BOTH Live Webinar and Recorded Webinar + Free Digital Download

WEBINAR DETAILS

In the midst of the COVID-19 pandemic, the CFPB delivered some good news for financial institutions. Effective July 1, 2020, the final rule amends HMDA to increase the permanent threshold for collecting and reporting data on closed-end mortgage loans from 25 to 100 originated loans. This will significantly reduce the number of smaller filers who are originating fewer than 100 closed-end HMDA reportable loans. Attend this webinar and learn the impacts of the revised rules. It is important to understand that collecting demographic information is not a requirement exclusive to HMDA, and institutions should continue to collect information as required by the Equal Credit Opportunity Act (Regulation B) for the purchase and refinance of a borrower’s principal residence.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative session is for staff who manage HMDA reporting, including loan operations staff, loan officers, loan assistants, processors, compliance officers, and auditors.

ABOUT THE AUTHOR

ICBSD