HMDA: Reporting the Loan Amount

Reporting the loan amount for HMDA can be tricky. First of all, you are required to report the exact amount; there is no rounding for HMDA. So, if a loan was originated for $110,500.24, you would report 110500.24 on your LAR. Not all loans/lines are originated, however, and the amount you report could differ, depending on the action. For example, if the application was denied, closed for incompleteness or withdrawn, you report the loan amount requested by the applicant and if the request was approved but not accepted, you report the loan amount that was approved.

It can be easy to get tripped up on those scenarios involving counteroffers. That is because sometimes you report the loan amount granted but sometimes you report the amount applied for. You could even end up reporting the amount of an accepted counteroffer, even though the loan/line is never originated.

David explains more in the video.

 

HMDA Training!

Published 2026/03/05

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.

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