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Countdown To Revised HMD Rules Webinar November 4, 2016 11:30 a.m. 1:30 p.m. The final rules (797 pages in all) are generally effective on January 1, 2018, but changes begin with the 2017 HMD data.
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Countdown to revised HMDA is needed by financial institutions and organizations that are subject to the Home Mortgage Disclosure Act (HMDA) regulatory requirements.
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These may include banks, credit unions, mortgage lenders, and other entities that engage in mortgage lending activity.
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The countdown to revised HMDA provides these institutions with a systematic approach to comply with the revised HMDA reporting requirements and maintain accurate records.
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Countdown to revised HMDA is the time period leading up to the deadline for filing the revised Home Mortgage Disclosure Act (HMDA) data.
Financial institutions that are subject to HMDA reporting requirements are required to file countdown to revised HMDA.
Countdown to revised HMDA is typically filled out electronically through the designated platform provided by the regulatory authorities.
The purpose of countdown to revised HMDA is to ensure that financial institutions are preparing and submitting accurate and timely HMDA data.
Countdown to revised HMDA typically requires basic information about the financial institution as well as an overview of the HMDA data being submitted.
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