The asset-size threshold used to determine HMDA (12 CFR 1003) applicability will remain unchanged from the 2016 amount. The threshold will be $44 million for 2017.
While the threshold remains unchanged, the test to determine if your bank will be subject to HMDA in 2017 has changed. Please refer to the CFPB’s HMDA coverage flowchart for more information.
Published
2016/12/23
Amy Kudlacek
Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager. Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelors Degree in Business Administration and is a graduate of the ABA Compliance School. Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!