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We Don't Do HMDA Reporting - Do We Collect Info?

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I am brand new to compliance at a small national bank that does not do HMDA reporting. Do we still have to collect the information (gray areas of the residential loan application) as required by 12 CFR 27?

If you're not a HMDA bank, you still need to collect Government Monitoring Information under Reg B. Specifically, check out Section 202.13. As a national bank, you are subject to the Comptroller's Fair Housing Home Loan Data System regulation at 12 CFR Part 27, which substitutes the OCC's monitoring information program for the requirements of Regulation B.

First published on 8/18/08

First published on 08/18/2008

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