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#2279975 - 01/18/23 10:27 PM CDFI Data Exemptions
MusicCityCRCM Offline
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Joined: Apr 2015
Posts: 228
Our bank is a CDFI and I had found in prior research an exemption for collecting certain data that would otherwise be reported under the HMDA expanded data rule, but I am having trouble locating that information now. Does anyone else know where I could locate this?

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#2279977 - 01/18/23 11:42 PM Re: CDFI Data Exemptions MusicCityCRCM
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 84,530
Galveston, TX
There is no mention of anything specifically related to a CFDI in the HDMA regulations, so I am not sure what you might be referring too? But I am by far not a HDMA expert.
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#2279984 - 01/19/23 02:02 PM Re: CDFI Data Exemptions MusicCityCRCM
MusicCityCRCM Offline
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Joined: Apr 2015
Posts: 228
I think it may be tied to the Ability to Repay exemption for CDFI's, I'll keep looking! Thanks though!

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#2279986 - 01/19/23 02:14 PM Re: CDFI Data Exemptions MusicCityCRCM
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 84,530
Galveston, TX
Well, a CDFI is exempt from the ATR/QM requirements, but I am not sure how that specifically impacts HMDA reporting.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2301274 - 09/05/24 01:06 PM Re: CDFI Data Exemptions MusicCityCRCM
abryan Offline
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Joined: Aug 2024
Posts: 1
Did you find any information on this? My bank is a CDFI and we report NA for total loan costs and points and fees. I am just double checking this is accurate?

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