CFPB Issues Technical Amendment to HMDA Threshold for Closed-End Mortgages

December 28, 2022

The CFPB issued a technical amendment resulting from the U.S. District Court for the District of Columbia decision to vacate the 2020 HMDA Rule that increased the closed-end mortgage loan reporting threshold from 25 loans to 100 loans in each of the two preceding calendar years, which was effective July 1, 2020. The reporting threshold for closed-end mortgage loans has been set back to 25 loans, as established by the 2015 HMDA Rule. The amendment is effective on December 21, 2022.

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