A Guide to HMDA Reporting - ffiec

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iv Submitting the LAR Officer's Certification and Contact Information __________________________________ 22 Checklist for Person Completing the LAR _______________________________________ 23 Checklist for the Certifying Officer _____________________________________________ 24 Editing the Data ______________________________________________________________ 25 Transmitting the Data _________________________________________________________ 25 Resubmitting the Data ________________________________________________________ 26 Disclosing the Data Disclosure of a Modified LAR __________________________________________________ 27 Disclosure Statements Prepared by the FFIEC __________________________________ 27 Aggregate Tables Prepared by the FFIEC ______________________________________ 27 Glossary _______________________________________________________ 28 Appendices A— Form and Instructions for Completion of HMDA Loan/Application Register ________________________________________________________________ A-1 B— Form and Instructions for Data Collection on Ethnicity, Race, and Sex ______ B-1 C— Regulation C ___________________________________________________________ C-1 D— Staff Commentary to Regulation C ________________________________________ D-1 E— The Home Mortgage Disclosure Act ______________________________________ E-1 F— State and County Codes and MSA/MD Numbers ___________________________ F-1 G—Federal Supervisory Agencies ____________________________________________ G-1 H— HMDA Poster ___________________________________________________________ H-1
Foreword A Guide to HMDA Reporting: Getting It Right! will assist you in complying with the Home Mortgage Disclosure Act as implemented by Regulation C. The Guide was written to address the needs of financial institution managers and employees responsible for HMDA compliance. The Guide was developed by the member agencies of the Federal Financial Institutions Examination Council (FFIEC)—the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), the Board of Governors of the Federal Reserve System (Board), and the National Credit Union Administration (NCUA)—and the Department of Housing and Urban Development (HUD). This new edition of the Guide reflects the substantial amendments to Regulation C that take effect on January 1, 2004. Other changes to the Guide, such as breaking it into more chapters and adding references to the regulation and staff commentary, are intended to make it more useful as a training and compliance guide. The “Questions and Answers” section has been omitted from the Guide, but will be available on the web site of the FFIEC (www.ffiec.gov/hmda). The Introduction reviews HMDA’s purposes and data collection, reporting, and disclosure requirements. It also summarizes management’s responsibilities. The remaining parts of the Guide describe in more detail: ¢ what information a covered institution must collect, ¢ how the information should be reported on the HMDA loan/application register, and ¢ how the data will be disclosed to the public by the institution and the FFIEC. The FFIEC produces a public disclosure statement for every covered institution and for every metropolitan statistical area (MSA) and metropolitan division (MD). The disclosures and other HMDA data are available from the FFIEC, by accessing the FFIEC Internet site, www.ffiec.gov/hmda, by sending an e-mail to hmdahelp@frb.gov, or by calling the Board's HMDA Assistance Line, (202) 452-2016. This Guide is a general statement of the requirements of HMDA and Regulation C, not a verbatim restatement of the law. To comply fully with HMDA, you must be familiar with ¢ Regulation C (reproduced in Appendix C to this Guide), including its Appendices A and B (reproduced in Appendices A and B to this Guide), ¢ the Staff Commentary to Regulation C (reproduced in Appendix D to this Guide), and ¢ informal guidance the Board may issue from time to time on the web site of the FFIEC (for example, in the form of Questions and Answers). The Guide merely supplements, and does not substitute for, those sources. For further information about compliance, contact your federal supervisory agency (see Appendix G to this Guide). The FFIEC welcomes suggestions for changes or additions that might make this Guide more helpful. Write to FFIEC, 3501 Fairfax Drive, Room 3086 Arlington, VA 22226. Or send e-mail to ffiec-suggest@frb.gov. v
Page 1 and 2: EDITION EFFECTIVE January 1, 2006 (
Page 3: Contents Foreword _________________
Page 7 and 8: Introduction An institution must tr
Page 9 and 10: Coverage Criteria for Other Mortgag
Page 11 and 12: Who Must Report If the institutions
Page 13 and 14: Data Reporting ¢ For loans sold in
Page 15 and 16: Completing the LAR Step by Step 10
Page 17 and 18: Completing the LAR MULTIPURPOSE LOA
Page 19 and 20: Completing MSA/MD numbers, state co
Page 21 and 22: Completing the LAR Step by Step 16
Page 23 and 24: Sources of Geographic Information (
Page 25 and 26: Sources of Geographic Information (
Page 27 and 28: Submitting the LAR 22 Officer’s C
Page 29 and 30: Checklists for Completing and Certi
Page 31 and 32: Submitting the LAR 26 Resubmitting
Page 33 and 34: Glossary 28 Branch office. For bank
Page 35 and 36: Appendix A to Part 203 Form and Ins
Page 37 and 38: the total amount of the refinancing
Page 39 and 40: series) [1] , enter “NA”(even i
Page 41 and 42: applicant information is unavailabl
Page 43 and 44: e. Code 6 for: Unable to verify cre
Page 45 and 46: the foregoing agencies and you elec
Page 47 and 48: The sample adopted by the Board in
Page 49 and 50: Appendix B to Part 203 Form and Ins
Page 51 and 52: Appendix C Regulation C (Home Mortg
Page 53 and 54: * Read: a loan not secured by a lie
Page 55 and 56:
(11) The type of entity purchasing
Page 57 and 58:
easonable fee for any cost incurred
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D-2 must report the action taken on
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D-4 2. 3. coverage test for a given
Page 63 and 64:
D-6 square footage or by the income
Page 65 and 66:
D-8 and may report the property typ
Page 67 and 68:
D-10 institution reports the date t
Page 69 and 70:
D-12 date the institution acquired
Page 71 and 72:
D-14 backed securities are to be tr
Page 73 and 74:
D-16 7. Transmittal sheet—additio
Page 75 and 76:
Appendix E Home Mortgage Disclosure
Page 77 and 78:
tistical area, metropolitan statist
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the loan application register infor
Page 81 and 82:
Stat. 524, 525, 526); Dec. 19, 1991
Page 83 and 84:
[12 USC 2806. As amended by H. Res.
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Appendix F State and County Codes a
Page 87 and 88:
Lonoke (085) - MSA 30780 Madison* (
Page 89 and 90:
Lee (071) - MSA 15980 Leon (073) -
Page 91 and 92:
Bonner (017) Bonneville (019) - MSA
Page 93 and 94:
St. Joseph (141) - MSA 43780 Scott*
Page 95 and 96:
Seward* (175) Shawnee (177) - MSA 4
Page 97 and 98:
Franklin* (007) Hancock (009) Kenne
Page 99 and 100:
Sherburne (141) - MSA 33460 Sibley*
Page 101 and 102:
Warren* (219) - MSA 41180 Washingto
Page 103 and 104:
New New Mexico Mexico (35) (35) Ber
Page 105 and 106:
Dickey* (021) Divide* (023) Dunn* (
Page 107 and 108:
Oregon Oregon (41) (41) Baker* (001
Page 109 and 110:
Pennington (103) - MSA 39660 Perkin
Page 111 and 112:
Hansford* (195) Hardeman* (197) Har
Page 113 and 114:
Bath* (017) Bedford (019) - MSA 313
Page 115 and 116:
Ritchie* (085) Roane* (087) Summers
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Appendix G Federal Supervisory Agen
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New York Regional Office 20 Exchang
Page 121 and 122:
Federal Reserve Bank of Boston 600
Page 123:
Appendix H General Notice Poster Re
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