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HMDA Date Used for Denial- Decision or Notice Date

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Question: 
For HMDA, what date is used for a denial when the decision was made on one date, say July 12, but the notice was not sent until July 16?
Answer: 

For consistency we use the date the AAN is prepared and mailed.

2. Action taken date—applications denied and files closed for incompleteness. For applications, including requests for a preapproval, that are denied or for files closed for incompleteness, the financial institution reports either the date the action was taken or the date the notice was sent to the applicant.

First published on 02/09/2020

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