HMDA: Action Taken Date

One of the data fields you are required to report on the HMDA-LAR is the “Action Taken Date.” In other words, the date you made the loan, the date the application was denied, etc. This oftentimes is pretty straightforward, but there are some instances where the regulation allows a little flexibility, and it can cause confusion.

David explains more in the video.

Video Highlights:

• You must report the date action was taken; however, there is some flexibility.
• David provides some tips to save time and appease your examiners.
• If the action taken date crosses over into a new calendar year, there are some special rules.

Published
2023/04/27