The asset-size threshold used to determine HMDA (12 CFR 1003) applicability will increase on January 1, 2015. The threshold will increase from $43 million in 2014 to $44 million for 2015. This means any financial institution with an office located in a Metropolitan Statistical Area (MSA) and has assets in excess of $44 million as of December 31, 2014, will be subject to HMDA data collection and reporting requirements in 2015.
Published
2014/12/29
Amy Kudlacek