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A LAR for small business lending

Answered by: 

Question: 
When should we expect having to gather small business loan data for Reg B?
Answer: 

After the comment period there is a required 18-month period to begin compliance procedures to gather HMDA like LAR data. Realistically 2023 or 2024 to actually report but the preparation will have to begin much sooner than that.

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Learn more about Andy Zavonia’s Annual Lending Compliance Recap webinar.

First published on 01/02/2022

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