Scrubbing and Submitting 2022 HMDA Data
January 10, 2023REGISTER NOW
Register by December 2nd and take advantage of our Early Bird Pricing!
All registrations to Compliance Resource webinars include five live connections AND the recording of the webinar (guaranteed for one year).
Scrubbing and Submitting 2022 HMDA Data has been submitted to ABA Professional Certifications for CE credit review and is pending approval. Once we receive notification of the credit approval, we will notify attendees.
It seems that we get changes to HMDA and/or Regulation C every year. 2022 was no exception. The changes keep adding to the challenge of fully complying with the requirements of the law and regulation. During 2022 the coverage threshold for open-end credit was revised from 500 lines to 200 lines, and a court ruling changed the threshold for closed-end loans back to 25 loans from the 100 loan threshold that was effective on July 1, 2020.
HMDA-reporting banks spend considerable time in January and February of each year “scrubbing” HMDA data before the March 1st submission date. The 2022 data must be submitted to the CFPB by March 1, 2023. This webinar is designed to get you ready for data submission.
Errors can result from the failure to report a covered loan, reporting a loan that is not reportable, or miscoding data on reported loans. Regulators continue to report significant error rates for HMDA data. Penalties may be imposed for such errors. This program reviews data collection and reporting rules, common problems that occur when collecting and reporting the HMDA data, and issues related to the public disclosure of the information.
This two-hour webinar focuses on the basic rules of HMDA and Regulation C and provides the information needed to assure accurate reporting of 2022 HMDA data.
Participants receive a detailed manual that serves as a handbook long after the program is completed.
The program provides:
- A thorough explanation of which institutions are covered by HMDA and Regulation C for the 2022 reporting cycle;
- Which institutions are eligible for the EGRRCPA partial HMDA exemption and options for compliance available to those institutions;
- A review of which loans are and are not reportable;
- Detailed information on how to complete the LAR;
- Clarification of the rules related to secondary market and broker transactions;
- Detail on the data submission and public availability requirements;
- Steps to identify and eliminate reporting errors and thereby avoid penalties; and
- Actions to take to prepare for submitting the 2022 data to the CFPB.
The program is designed for loan officers, compliance officers, loan processors and clerks and auditors. Whether new to the requirements of HMDA and Regulation C or a seasoned veteran, this program provides a comprehensive review of the existing requirements of HMDA and Regulation C.
Jack Holzknecht is the Founder of and the Senior Consultant at Compliance Resource, LLC. He has been delivering the word on lending compliance for 47 years. In 42 years as a trainer over 160,000 bankers (and many examiners) have participated in Jack’s live seminars and webinars. Jack’s career began in 1976 as a federal bank examiner. He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by a number of state bankers associations. As a contractor he developed and delivered compliance training for the FDIC for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association.
Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC and has more than a two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC and consumer compliance. During her career she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist.
January 10, 2023