HMDA & Demographic Information
When it comes to collecting Demographic Information for HMDA, we like to say, “don’t touch it.” In other words, what the applicant provides is what you report. Even if you know they marked a wrong box or are intentionally providing incorrect information, you report what they provide. So, if an applicant who appears to be a white female marks the boxes to indicate “male” for sex and writes “Martian” on the other line for race, that’s what you report on your HMDA LAR. Or, you might run into instances where applicants indicate they do not wish to provide their Demographic Information, and that’s okay, too. Just remember, if you see them face to face, you still have to report it on the basis of your visual observation.
David explains more in the video.
Published
2023/10/16
David Dickinson
David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.
He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.
David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.