The federal bank regulatory agencies are announcing the Federal Financial Institutions Examination Council’s (FFIEC) revised “A Guide to HMDA Reporting: Getting It Right!” (2023 guide). The 2023 guide provides resources to help banks1 comply with the Home Mortgage Disclosure Act (HMDA) and Regulation C, its implementing regulation (12 CFR 1003).
The 2023 guide reflects a technical amendment to the 2020 HMDA rule to adjust the loan volume thresholds effective January 1, 2023,2 for reporting HMDA data on closed-end mortgage loans.
The 2023 guide discusses
- Institutions covered by Regulation C;
- Transactions covered by Regulation C;
- Information that covered institutions are required to collect, record, and report; and
- Requirements for reporting and disclosing data.