A Guide to HMDA Reporting - ffiec
A Guide to HMDA Reporting - ffiec
A Guide to HMDA Reporting - ffiec
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Completing<br />
the LAR<br />
Step by Step<br />
10<br />
For guidance on<br />
reporting applications<br />
taken before<br />
January 1, 2004<br />
on which final<br />
action is taken<br />
after January 1,<br />
2004, see staff<br />
comment<br />
203.4(a)-4.<br />
For each application or loan, every column<br />
field must be completed except<br />
“reasons for denial,” which is optional<br />
under Regulation C. For institutions regulated<br />
by the OTS or OCC, however,<br />
completion of the “reasons for denial” is<br />
required by those agencies’ regulations.<br />
(The regulation cite for OCC is 12 CFR<br />
27.3(a)(1)(i); for OTS, it is 12 CFR<br />
528.6)).<br />
Caveat<br />
The following guide <strong>to</strong> completing the<br />
LAR is a general statement of the<br />
requirements of Regulation C. To be<br />
able <strong>to</strong> comply fully with the regulation,<br />
you must be familiar with the more<br />
detailed instructions in Regulation C<br />
(Appendix C <strong>to</strong> this <strong>Guide</strong>), including<br />
the field-by-field instructions in the<br />
regulation’s Appendix A (Appendix A <strong>to</strong><br />
this <strong>Guide</strong>), and in the staff commentary<br />
<strong>to</strong> Regulation C (Appendix D <strong>to</strong> this<br />
<strong>Guide</strong>).<br />
For reader convenience, each section<br />
below contains references <strong>to</strong> relevant<br />
sections of Regulation C and the staff<br />
commentary.<br />
LOAN/APPLICATION REGISTER<br />
TRANSMITTAL SHEET<br />
Application or Loan<br />
Information<br />
¢ Identification number. You may<br />
enter any identifier (up <strong>to</strong> 25<br />
characters long) that can be used<br />
later <strong>to</strong> retrieve the particular loan<br />
or application <strong>to</strong> which the entry<br />
relates. To ensure consumers’<br />
privacy, it is strongly recommended<br />
that institutions not use applicants’ or<br />
borrowers’ names or social security<br />
numbers on the LAR.<br />
The identifier must be unique among<br />
all entries from your institution. For<br />
example, if your report contains data<br />
from several branches, and each<br />
branch keeps its own register, make<br />
sure that you assign a code (or a<br />
series of numbers) <strong>to</strong> each branch <strong>to</strong><br />
avoid duplication.<br />
For more information, see Appendix<br />
A, I.A.1. and staff comment<br />
203.4(a)(1)-4.<br />
Form FR <strong>HMDA</strong>-LAR<br />
OMB Nos. 1557-0159 (OCC), 3064-0046 (FDIC),<br />
1550-0021 (OTS), and 7100-0247 (FRB); and<br />
2502-0539 (HUD); 3133-0166 (NCUA).<br />
You must complete this transmittal sheet (please type or print) and attach it <strong>to</strong> the Loan/Application<br />
Register, required by the Home Mortgage Disclosure Act, that you submit <strong>to</strong> your supervisory agency.<br />
Agency Total line entries contained in<br />
Reporter's Identification Number Code Reporter's TaxIdentification Number attached Loan/Application Register<br />
LOAN/APPLICATION REGISTER Page of<br />
The Loan/Appl<br />
pages.<br />
Name of <strong>Reporting</strong> Institution City, State, ZIP<br />
Enter the name All columns (except Reasons for Denial) must be completed for each entry. See the instructions for details.<br />
Institutions Exa<br />
Application or<br />
Loan Information Action Taken<br />
Enter the name<br />
your register:<br />
Application or<br />
Loan Number<br />
Example of Loan Originated Following Preapproval<br />
Loan<br />
Date Amount<br />
Application Prop- Owner in Pre-<br />
Received Loan erty Pur- Occu- Thou ap- Date<br />
(mm/dd/ccyy) Type Type pose pancy sands proval Type (mm/dd/ccyy)<br />
L B - 6 8 7 4 3 9<br />
Example of Preapproval Request Denied<br />
01/15/2006 1 1 1 1 65 1 1 02/22/2006<br />
5 6 7 8 9 0 4 3 2 1 - 1 2 3 4 0 9 8 7 6 5<br />
Example of Application Denied Following<br />
06/01/2006 1 1 1 1 125 1 7 06/20/2006<br />
Preapproval<br />
0 1 2 3 4 5 6 7 8 9 - 9 8 7 6 5 4 3 2 1 0 03/20/2006 1 1 1 1 50 1 3 04/30/2006<br />
Figure 3: Loan/Application Register