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#2222471 - 09/27/19 03:02 PM No more HMDA?
rhospa Offline
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Joined: Mar 2016
Posts: 5
We recently closed our only branch located in a MSA. Am I correct in my reading of the regulation that 2019 will be the last year that we will report HMDA data for? I just want to confirm before I get everyone excited.

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#2222484 - 09/27/19 03:42 PM Re: No more HMDA? rhospa
Adam Witmer Offline
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Joined: Sep 2010
Posts: 2,622
Correct. You are only be required to report if on the preceding December 31, you had a home or branch office in an MSA.

While this chart hasn't been updated for 2020 data (due to pending proposals), it should help you with determining institutional coverage for HMDA: https://files.consumerfinance.gov/f/documents/201709_cfpb_2018-hmda-institutional-coverage.pdf
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Adam Witmer, CRCM

All statements are my opinion, not those of my employer, and should not be taken as legal advice.
www.compliancecohort.com

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#2222759 - 10/01/19 07:17 PM Re: No more HMDA? rhospa
DeeQ Offline
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DeeQ
Joined: Dec 2002
Posts: 40,764
Turnpike Exit 10
Well, that is certainly something to get excited ABOUT!
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Get your facts first, then you can distort them as you please. - Mark Twain

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