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Small Banks for HMDA

Effective January 1, 2000, the asset size for determining exemptions from HMDA will be $30 million. Banks having assets equal to or less than $30 million are exempt from the data gathering and reporting requirements of HMDA. These banks remain subject to the information gathering requirements of Regulation B.

Copyright © 1999 Compliance Action. Originally appeared in Compliance Action, Vol. 4, No. 16, 12/99




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