WHO SHOULD ATTEND? 

This session is ideal for loan officers, managers, processors, compliance and fair lending officers, auditors, counsel, and anyone else with HMDA-related responsibilities, including data collection, reporting, analysis, and disclosure.

WHAT YOU WILL LEARN 

• Reporting thresholds, including impact to small reporters through exceptions

• Detailed coverage rules: Who collects and submits information, and when, including the partial exemption for certain banks

• What types of loans (and lines of credit) are reportable

• The dwelling-secured loan standard: What does this impact? What is a “dwelling?”

• Clarifications and definitions, including exceptions – knowing what not to report

• Impacts on commercial loan areas

• Handling HELOCs

• Dealing with conditional approvals: When to report and when to not report

• LAR fields and details on data requirements, with emphasis on vague and gray areas

• Data reporting on the property, loan type, and loan features, plus identification information (including subcategories)

• How GMI is reported (including differences in new 1071 reporting)

• The submission process – the mechanics

• Quarterly reporting for large reporters

• How the public obtains HMDA information changes

• Practical and compliance implications