CFPB Updates Home Mortgage Disclosure Act FAQs

November 19, 2021

The CFPB updated its FAQs on the Home Mortgage Disclosure Act (HMDA) reporting requirements to clarify the expiration of the temporary threshold of 500 open-end lines of credit, provide circumstance-based questions and answers applying the threshold rules to closed-end mortgage loans and open-end lines of credit scenarios, and address voluntary reporting.

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