A Guide to HMDA Reporting - ffiec

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Appendix D Official Staff Commentary on Regulation C Effective January 1, 2004 obtains the property-location information for applications and loans from third parties (such as appraisers or vendors of “geocoding” services) is responsible for ensuring that the information reported on its HMDA/LAR is correct. D-17
Appendix E Home Mortgage Disclosure Act Home Mortgage Disclosure Act 12 USC 2801 et seq.; 89 Stat. 1125; Pub. L. 94-200, Title III (December 31, 1975) Section 301 Short title 302 Findings and purposes 303 Definitions 304 Maintenance of records and public disclosure 305 Enforcement 306 Relation to state laws 307 Research and improved methods 308 Study 309 Effective date 310 Compilation of aggregate data 311 Disclosure by the secretary Section 301—Short Title This title may be cited as the “Home Mortgage Disclosure Act of 1975.” [12 USC 2801 note.] Section 302—Findings and Purposes (a) The Congress finds that some depository institutions have sometimes contributed to the decline of certain geographic areas by their failure pursuant to their chartering responsibilities to provide adequate home financing to qualified applicants on reasonable terms and conditions. (b) The purpose of this title is to provide the citizens and public officials of the United States with sufficient information to enable them to determine whether depository institutions are filling their obligations to serve the housing needs of the communities and neighborhoods in which they are located and to assist public officials in their determination of the distribution of public sector investments in a manner designed to improve the private investment environment. (c) Nothing in this title is intended to, nor shall it be construed to, encourage unsound lending practices or the allocation of credit. [12 USC 2801.] Section 303—Definitions For purposes of this title— (1) the term “mortgage loan” means a loan which is secured by residential real property or a home improvement loan; (2) the term “depository institution”— (A) means— (i) any bank (as defined in section 3(a)(1) of the Federal Deposit Insurance Act); (ii) any savings association (as defined in section 3(b)(1) of the Federal Deposit Insurance Act); and (iii) any credit union, which makes federally related mortgage loans as determined by the Board; and (B) includes any other lending institution (as defined in paragraph (4)) other than any institution described in subparagraph (A); (3) the term “completed application” means an application in which the creditor has received the information that is regularly obtained in evaluating applications for the amount and type of credit requested; (4) the term “other lending institutions” means any person engaged for E-1
Page 1 and 2:
EDITION EFFECTIVE January 1, 2006 (
Page 3 and 4:
Contents Foreword _________________
Page 5 and 6:
Foreword A Guide to HMDA Reporting:
Page 7 and 8:
Introduction An institution must tr
Page 9 and 10:
Coverage Criteria for Other Mortgag
Page 11 and 12:
Who Must Report If the institutions
Page 13 and 14:
Data Reporting ¢ For loans sold in
Page 15 and 16:
Completing the LAR Step by Step 10
Page 17 and 18:
Completing the LAR MULTIPURPOSE LOA
Page 19 and 20:
Completing MSA/MD numbers, state co
Page 21 and 22:
Completing the LAR Step by Step 16
Page 23 and 24: Sources of Geographic Information (
Page 25 and 26: Sources of Geographic Information (
Page 27 and 28: Submitting the LAR 22 Officer’s C
Page 29 and 30: Checklists for Completing and Certi
Page 31 and 32: Submitting the LAR 26 Resubmitting
Page 33 and 34: Glossary 28 Branch office. For bank
Page 35 and 36: Appendix A to Part 203 Form and Ins
Page 37 and 38: the total amount of the refinancing
Page 39 and 40: series) [1] , enter “NA”(even i
Page 41 and 42: applicant information is unavailabl
Page 43 and 44: e. Code 6 for: Unable to verify cre
Page 45 and 46: the foregoing agencies and you elec
Page 47 and 48: The sample adopted by the Board in
Page 49 and 50: Appendix B to Part 203 Form and Ins
Page 51 and 52: Appendix C Regulation C (Home Mortg
Page 53 and 54: * Read: a loan not secured by a lie
Page 55 and 56: (11) The type of entity purchasing
Page 57 and 58: easonable fee for any cost incurred
Page 59 and 60: D-2 must report the action taken on
Page 61 and 62: D-4 2. 3. coverage test for a given
Page 63 and 64: D-6 square footage or by the income
Page 65 and 66: D-8 and may report the property typ
Page 67 and 68: D-10 institution reports the date t
Page 69 and 70: D-12 date the institution acquired
Page 71 and 72: D-14 backed securities are to be tr
Page 73: D-16 7. Transmittal sheet—additio
Page 77 and 78: tistical area, metropolitan statist
Page 79 and 80: the loan application register infor
Page 81 and 82: Stat. 524, 525, 526); Dec. 19, 1991
Page 83 and 84: [12 USC 2806. As amended by H. Res.
Page 85 and 86: Appendix F State and County Codes a
Page 87 and 88: Lonoke (085) - MSA 30780 Madison* (
Page 89 and 90: Lee (071) - MSA 15980 Leon (073) -
Page 91 and 92: Bonner (017) Bonneville (019) - MSA
Page 93 and 94: St. Joseph (141) - MSA 43780 Scott*
Page 95 and 96: Seward* (175) Shawnee (177) - MSA 4
Page 97 and 98: Franklin* (007) Hancock (009) Kenne
Page 99 and 100: Sherburne (141) - MSA 33460 Sibley*
Page 101 and 102: Warren* (219) - MSA 41180 Washingto
Page 103 and 104: New New Mexico Mexico (35) (35) Ber
Page 105 and 106: Dickey* (021) Divide* (023) Dunn* (
Page 107 and 108: Oregon Oregon (41) (41) Baker* (001
Page 109 and 110: Pennington (103) - MSA 39660 Perkin
Page 111 and 112: Hansford* (195) Hardeman* (197) Har
Page 113 and 114: Bath* (017) Bedford (019) - MSA 313
Page 115 and 116: Ritchie* (085) Roane* (087) Summers
Page 117 and 118: Appendix G Federal Supervisory Agen
Page 119 and 120: New York Regional Office 20 Exchang
Page 121 and 122: Federal Reserve Bank of Boston 600
Page 123: Appendix H General Notice Poster Re
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