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#1665848 - 02/15/12 09:10 PM HMDA retention
shea930 Offline
Gold Star
Joined: Dec 2008
Posts: 267
From what I can find the HMDA LAR retention is 3 years. We have had a question come up as to whether this means we need to keep our Adverse actions that are HMDA reportable for that 3 years period as well instead of the normal 25 months. Does anyone know where I could find the answer or a good reference to prove an anwser? From what I can find the HMDA requirement is strictly for the HMDA Lar it adds no retention time to the AA files but of course I could be wrong. I can't find anything that specifically addresses HMDA reportable AAs.

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#1666304 - 02/16/12 05:17 PM Re: HMDA retention [Re: shea930]
IUalum Offline
Platinum Poster
IUalum
Joined: Mar 2002
Posts: 938
Kentucky
There is no need to keep the HMDA-reportable applications longer than 25 months. As long as you keep the LAR for three years you are OK. I don't know exactly where to find this in writing anywhere, though, except that the Getting It Right guide only talks about having to keep the LAR.
Last edited by IUalum; 02/16/12 05:22 PM.
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