HMDA Exemptions
Each year the Federal Reserve Board adjusts the asset level for institutions exempt from HMDA reporting. The exemption is based on the Consumer Price Index. Starting January 1, 2005, institutions having assets of $34 million or less are exempt from HMDA reporting. That exemption level remains in effect for the year 2005.
Copyright © 2004 Compliance Action. Originally appeared in Compliance Action, Vol. 9, No. 15, 12/04
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