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Presented by Protein Austin in Conjunction with BAT Education FoundationMASTERING HMD
A 2019 MONDAY SEMINAR!
A full day seminar providing a comprehensive review of the Home Mortgage
Disclosure Act
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Who needs disclosure act hmda and?
01
Financial institutions and lenders who meet certain criteria need to file the Disclosure Act HMDA form. This includes banks, credit unions, mortgage companies, and other institutions that engage in mortgage lending.
02
Additionally, regulators, government agencies, researchers, and the public may also require access to the information provided in the Disclosure Act HMDA form for various purposes such as monitoring lending practices and ensuring compliance with fair lending laws.
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What is disclosure act HMDA?
The Home Mortgage Disclosure Act (HMDA) is a federal law that requires certain financial institutions to report certain information about their mortgage lending activities.
Who is required to file disclosure act HMDA?
Financial institutions that meet certain criteria are required to file under the HMDA.
How to fill out disclosure act HMDA?
Financial institutions can fill out the HMDA report electronically through the HMDA platform provided by the Consumer Financial Protection Bureau (CFPB).
What is the purpose of disclosure act HMDA?
The purpose of the HMDA is to provide the public with information about how financial institutions are serving the housing needs of their communities.
What information must be reported on disclosure act HMDA?
Information such as the type of loan, loan amount, property location, and borrower demographics must be reported on the HMDA.
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