NCUA FAQs 2016 – What credit unions are required to file HMDA reports annually?

Compliance > Lending > Fair Lending
Q:  What credit unions are required to file HMDA reports annually?
 
A:     Credit unions that:
 
(1) exceed the asset threshold on the preceding December 31;
(2) have a home or branch office in a Metropolitan Statistical Area on the preceding December 31; and
(3) originate at least one home purchase loan or refinancing of a home purchase loan secured by a first lien on a one-to-four-family dwelling in the preceding calendar year. 
 
The Consumer Financial Protection Bureau (CFPB) publishes the asset threshold annually.
 
 
ADDITIONAL INFORMATION:
This information was obtained from the NCUA’s Fair Lending Compliance Program For Federal Credit Unions, Frequently Asked Questions and Answers – December 2016, which may be accessed here: https://www.ncua.gov/Legal/GuidesEtc/GuidesManuals/NCUA-Fair-Lending-Compliance-Program-FAQs.pdf
 

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