Compliance Action, Volume 22, Number 11

What is a HMDA Dwelling? (3 Action Steps)

by Patti Blenden

The CFPB's new Home Mortgage Disclosure Act (HMDA) regulations require every HMDA-reportable loan to be secured by a dwelling. The new HMDA reporting includes decisive definitions of what constitutes a dwelling.

What is NOT a HMDA Dwelling? (4 Action Steps)

by Patti Blenden

Under the new HMDA reporting, some residences are excluded from HMDA's dwelling definition to prevent reporting loans secured by unusual residences.

Action Training
HMDA Reportable Transactions (Chart)

by Patti Blenden

We've prepared a chart for HMDA reporters who have identified Covered Loans (as defined under HMDA) to assist with determining the exact nature of the reportable activity.

Compliance Notes

• CFPB Payday Lending Rule
• FinCEN Advisory on Illicit Venezuelan Funds
• Executive Cybersecurity 101

Compliance Calendar

In the Editor's Opinion
Come Hell or High Water

by Patti Blenden

Major life events and crises often leave us with a reminder to treat others with respect and consideration. Most of our compliance laws and regulations call on us to do the same.

Compliance Q & A

• Purchasing Consumer Loans
• CPLs & Finance Charges
• Reporting Loan Originator's NMLS ID