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KEMENTERIAN AGAMA RI Bagian Perencanaan dan Sistem Informasi Sekretariat Direktorat Jenderal Pendidikan IslamUser Manual Aplikasi Madrasah Ibtidaiyah (MI)Direktorat Jenderal Pendidikan Islam Kementerian
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What is cover mi?
Cover MI refers to the Coverage Multiplier Indicator, a form used to disclose mortgage loan data under the Home Mortgage Disclosure Act (HMDA) that provides information on the mortgage market.
Who is required to file cover mi?
Financial institutions that meet certain criteria related to mortgage lending are required to file Cover MI, which includes banks, credit unions, and non-depository lenders.
How to fill out cover mi?
To fill out Cover MI, institutions must collect and report data such as loan amount, purpose, property type, and borrower demographics by following the guidelines provided by the regulatory authority.
What is the purpose of cover mi?
The purpose of Cover MI is to ensure transparency in the mortgage lending process, addressing issues of discrimination and fair lending practices while aiding regulatory monitoring.
What information must be reported on cover mi?
Information reported on Cover MI includes loan characteristics, applicant ethnicity, race, sex, annual income, and whether the application was approved or denied.
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