HMDA Final Rule 2020 Threshold Changes Summary

Updated 06/15/2020

The CFPB has issued a Final Rule to increase the reporting threshold for both closed-end mortgage loans and open-end lines of credit. Effective July 1, 2020, the Final Rule permanently increases the closed-end threshold from 25 to 100 closed-end mortgage loans in each of the preceding two calendar years. Additionally, effective January 1, 2022, the Final Rule permanently sets the open-end threshold at 200 open-end lines of credit in each of the preceding two calendar years, after the temporary threshold of 500 expires.

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