Q: HMDA data requirements include a Universal Loan Identifier (ULI). What is it?
A: This is an identifier for a covered loan or application that can be used to identify and retrieve the covered loan or application file. With some exceptions (for a) purchased covered loans and b) applications that were previously reported and that results in an origination during the same calendar year), an institutional shall assign and report a ULI that has three components:
begins with the institution’s legal entity identifier (LEI),
follows the LEI with up to 23 additional characters to identity the covered loan or application, and
ends with a two-character check digit.