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LBA PROFESSIONAL DEVELOPMENT WORKSHOPS HMD Reporting Mistakes — Will You Be Ready for March 1, 2014? (Webinar) February 3, 2014 3:30pm-5:00pm The FDIC fined 49 banks under their supervision with

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What is hmda reporting mistakes?

HMDA reporting mistakes are errors or inaccuracies made when filing the Home Mortgage Disclosure Act (HMDA) report. These mistakes can include incorrect data, missing information, or other reporting errors.

Who is required to file hmda reporting mistakes?

Financial institutions that meet the HMDA reporting threshold are required to file HMDA reporting mistakes. This includes banks, credit unions, and other mortgage lenders.

How to fill out hmda reporting mistakes?

To fill out HMDA reporting mistakes, financial institutions need to review their HMDA report for any errors or inaccuracies. They should then make the necessary corrections and resubmit the report to the appropriate regulatory agency.

What is the purpose of hmda reporting mistakes?

The purpose of HMDA reporting mistakes is to ensure accuracy and transparency in mortgage lending. By identifying and correcting reporting errors, it helps to provide reliable data for monitoring and enforcing fair lending practices.

What information must be reported on hmda reporting mistakes?

HMDA reporting mistakes require the reporting of various information related to mortgage loan applications and originations. This includes information about the borrower, loan amount, property location, loan type, and other relevant data.

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