A Guide to HMDA Reporting - ffiec
A Guide to HMDA Reporting - ffiec
A Guide to HMDA Reporting - ffiec
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Disclosing<br />
the Data<br />
Disclosure of a Modified LAR<br />
Institutions must make their LAR data—<br />
modified <strong>to</strong> protect privacy interests of<br />
applicants and borrowers—available <strong>to</strong><br />
the public upon request in electronic<br />
or printed form. Three fields must be<br />
deleted: the application or loan number,<br />
the date the application was<br />
received, and the date the action was<br />
taken. Aside from those three modifications,<br />
Regulation C does not permit<br />
deletions. Nor does Regulation C require<br />
any changes <strong>to</strong> the format or order of<br />
the data before their disclosure. Nevertheless,<br />
institutions are strongly encouraged<br />
<strong>to</strong> make the data available in<br />
census tract order, if possible.<br />
A modified register must be available no<br />
later than March 31 for requests made<br />
on or before March 1 following the year<br />
<strong>to</strong> which the data relate, and within 30<br />
days for requests made after March 1.<br />
The modified register must continue <strong>to</strong><br />
be made available <strong>to</strong> the public for three<br />
years.<br />
Disclosure Statements<br />
Prepared by the FFIEC<br />
Using data from each institution’s LAR,<br />
the FFIEC will prepare and post <strong>to</strong><br />
the Internet (www.<strong>ffiec</strong>.gov/hmda) a<br />
series of tables that will comprise the<br />
institution’s disclosure statement.<br />
An institution must make the statement<br />
available <strong>to</strong> the public for inspection and<br />
copying at its home office in printed or<br />
electronic form within three business<br />
days of the disclosure statement's<br />
posting <strong>to</strong> the Internet. In addition, if an<br />
institution has branch offices in other<br />
MSAs/MDs, it must make available an<br />
MSA/MD-specific disclosure in one of<br />
two ways:<br />
¢ by making the statement available in<br />
at least one branch office in every<br />
MSA/MD other than the MSA/MD of<br />
the home office, within ten business<br />
days of receipt from the FFIEC, or<br />
¢ by posting an address for requesting<br />
copies in every branch office in<br />
an MSA/MD (other than branches in<br />
the MSA/MD of the home office) and<br />
responding <strong>to</strong> written requests<br />
within fifteen calendar days.<br />
The institution may charge a reasonable<br />
fee <strong>to</strong> cover costs incurred.<br />
The disclosure statement must remain<br />
available <strong>to</strong> the public for five years,<br />
and an institution must post a notice<br />
about its availability in the lobby of its<br />
home office and each branch office<br />
located in an MSA/MD. See the suggested<br />
text for the poster in staff comment<br />
203.5(e)-1.<br />
Aggregate Tables Prepared<br />
by the FFIEC<br />
In addition <strong>to</strong> preparing individual<br />
disclosure statements, the FFIEC will<br />
combine the <strong>HMDA</strong> data submitted by<br />
all reporting institutions and produce<br />
aggregate tables for each MSA/MD.<br />
The FFIEC will also produce tables for<br />
each MSA/MD showing the lending<br />
patterns according <strong>to</strong> demographic<br />
characteristics provided by the Census<br />
Bureau, such as age of housing s<strong>to</strong>ck.<br />
The FFIEC will make available copies of<br />
the individual disclosure statements,<br />
MSA/MD aggregate tables, and other<br />
<strong>HMDA</strong> data products on the FFIEC web<br />
site, www.<strong>ffiec</strong>.gov/hmda.<br />
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