Summary
The Office of the Comptroller of the Currency (OCC) is announcing the issuance of the Federal Financial Institutions Examination Council’s (FFIEC) revised “A Guide to HMDA Reporting: Getting It Right!”, which is designed to help banks comply with the Home Mortgage Disclosure Act (HMDA) and Regulation C, its implementing regulation (12 CFR 1003).
The 2021 guide reflects a 2020 HMDA rule to adjust the thresholds for reporting data about closed-end mortgage loans, effective July 1, 2020, and the thresholds for reporting data about open-end lines of credit, effective January 1, 2022.1
Rescission
This bulletin rescinds OCC Bulletin 2020-6, “Home Mortgage Disclosure Act: FFIEC’s Revised ‘A Guide to HMDA Reporting: Getting It Right!’”
Note for Community Banks
The 2021 guide applies to community banks2 that are subject to HMDA data collection and reporting requirements.
Highlights
The 2021 guide discusses
- institutions covered by Regulation C.
- transactions covered by Regulation C.
- information that covered institutions are required to collect, record, and report.
- requirements for reporting and disclosing data.
Further Information
Please contact Vonda J. Eanes, Director for Community Reinvestment Act and Fair Lending Policy, Compliance Risk Policy Division, at (202) 649-5470.
Related Link
- FFIEC’s 2021 “A Guide to HMDA Reporting: Getting It Right!”