Home Mortgage Disclosure Act: FFIEC’s 2021 ‘A Guide to HMDA Reporting: Getting It Right!’
March 30, 2021 / Source: OCC
OCC Bulletin 2021-16| March 30, 2021
To Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
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
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.
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.
Please contact Vonda J. Eanes, Director for Community Reinvestment Act and Fair Lending Policy, Compliance Risk Policy Division, at (202) 649-5470.
Grovetta N. Gardineer
Senior Deputy Comptroller for Bank Supervision Policy
- FFIEC’s 2021 “A Guide to HMDA Reporting: Getting It Right!”