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Open-End Changes

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Will the new open-end reporting threshold of 200 originated lines in each of the two prior calendar years also go into effect as of July 1, 2020?

No. The industry will continue to operate under the temporary threshold of 500 open-end lines until December 31, 2021. Effective January 1, 2022, the threshold will be 200 originated open-end lines of credit in each of the prior two calendar years (2020 and 2021).


Learn more about Kathleen Blanchard’s webinar New HMDA Changes

First published on 05/03/2020

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