Thread Starter: rlcarey
Title: Re: HMDA - 1003.4 (f)
|
It will depend on whether or not the regulator thinks you have made a good-faith effort. The number of errors identified might make that determination for you.
1006.3(b)(3) If an institution makes a good-faith effort to record all data concerning covered transactions fully and accurately within thirty calendar days after the end of each calendar quarter, and some data are nevertheless inaccurate or incomplete, the error or omission is not a violation of the act or this part provided that the institution corrects or completes the information prior to submitting the loan/application register to its regulatory agency.
|
|
|
|