The CFPB recently announced amendments to HMDA (12 CFR 1003) regarding the asset-size threshold used to determine HMDA applicability. The threshold was raised from $41 million in 2012 to $42 million for 2013. This means any financial institution with an office located in a Metropolitan Statistical Area (MSA) and has assets in excess of $42 million as of December 31, 2012, will be subject to HMDA data collection and reporting requirements in 2013. Learn more about the Home Mortgage Disclosure Act (HMDA) here.
Published
2013/01/07
Amy Kudlacek