Quiz for B2B: HMDA

1. True or false: Financial institutions that do not have a home office or branch office located in a Metropolitan Statistical Area are not covered institutions under HMDA rules.

1. What is the annual filing deadline for HMDA reporting?

1. True or False: When a loan applicant is a business entity, the demographic information of the owners of the business must be collected and reported.

1. When must a financial institution record its data on its internal LAR?

1. Under what circumstances would a bridge loan be specifically exempt from HMDA reporting?

1. Which of the following are data points required for reporting?

True or false: Spec homes are typically exempt from HMDA reporting.

1. When looking at the loan volume test to determine if a financial institution is covered and must collect and report HMDA data, what is the threshold for open-end and closed-end loans?

1. Which of the following applications would be reportable under HMDA rules, absent any other exemptions?

1. How should a financial institution review a loan secured by a mixed-use property, to determine if the loan is reportable for HMDA?