The Home Mortgage Disclosure Act (HMDA) already comes with a long list of what financial institutions must report, data requirements and even methods of reporting – but as of recent, that checklist grew. The recent issuing of the final rule on small business lending data collection has shifted the way small business lenders collect and report data. To comply, lenders need to remain transparent with their collected data, specifically the data from various sets of loan applications.
Join this complimentary webcast as Doeren Mayhew’s Matt Hagen guides you through the ins and outs of HMDA, the recent updates that came with the final Regulation B ruling and best practices to avoid harsh violation penalties on your next exam.
Understand the impact of the recent small business lending rule on HMDA reporting.
Gain knowledge on what should be reported and how.
Discover how to avoid the most common HMDA compliance violations.