The CFPB has released a Filing Instructions Guide (FIG) for HMDA data collected in 2021.
Looking to 2021 already may be a bit overwhelming, but the good news here is that there aren’t any real significant changes for collecting and reporting data in 2021. There are a couple of things to be aware of, however, if you’re a large filer:
There will be also be some new, clarified and revised edits for 2021, including a couple to help ensure proper use of “1111” as an “Exempt” code and to help ensure the NMLSR ID is valid and not entered as a zero.
The CFPB also issued an updated Supplemental Guide for Quarterly Filers for 2021 to update key filing dates for quarterly reporters.
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Published
2020/09/11