HMDA Compliance Training - HMDA Asset-Size Trigger Amount Adjusted

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