NCUA Q&As – What is the definition of a HMDA outlier?

Compliance > Lending > Fair Lending
Q:  What is the definition of a HMDA outlier?
 
A:  If a review of a federal credit union’s HMDA report indicates its lending practices fall outside the normal range for pricing, denials, withdrawals, or loan terms when compared to other financial institutions, the federal credit union is considered a HMDA outlier.
 
 
 
 
ADDITIONAL INFORMATION:
This Q&A was obtained from NCUA’s website, in a document entitled “NCUA Fair Lending Examination and Compliance Program for Federal Credit Unions,” which may be found here: 
 

Add Feedback