The Federal Reserve recently announced that the asset-size threshold for HMDA was adjusted and will become effective January 1, 2011. The threshold was raised from $39 million in 2010 to $40 million. This means that any financial institution with an office located in a Metropolitan Statistical Area (MSA) and has assets in excess of $40 million as of December 31, 2010, will be subject to HMDA in 2011.
Published
2011/01/01
Amy Kudlacek