CFPB FILING FAQs - Will the CFPB’s 2017 LAR Formatting Tool check the entered data for any HMDA edits?

Compliance > Regulation C - HMDA > CFPB
Q:  Will the CFPB’s 2017 LAR Formatting Tool check the entered data for any HMDA edits?
 
A:   No. The CFPB’s 2017 LAR Formatting Tool is intended only to format HMDA data into a pipe delimited text file format. HMDA edits can be checked once the file has been uploaded to the HMDA Platform.
 
 
ADDITIONAL INFORMATION:
This information was obtained from the CFPB’s HMDA webpage - “Resources for Filers,” FAQs:   https://www.consumerfinance.gov/data-research/hmda/faq
   

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