A question regarding HMDA transaction testing exam:
We made error on one transaction: The data on Borrower and co-borrower’s 1)race, 2)ethnicity, 3)sex and 4)age are all incorrect. Basically, the processor pulled incorrect borrower and co-borrower demographic information.
Does this count 8 errors? Or 1 error? Will this trigger expanded sample? Will we be required to re-submit the whole database? (assumed the rest of our sample transactions are all correct, this is the only transaction with issues. We are at 25-50 LAR count treshhold.)
I read the current FFIEC HMDA Examiner Transaction Testing Guidelines in 2017 https://www.consumerfinance.gov/abo...examiner-transaction-testing-guidelines/
,but still feel confused on Column D: # and %.
I appreciate any feedback/comments.