Preparing for Big Changes to Regulation C: The Home Mortgage Disclosure Acts (HMDA) Disclosure Rules (MLC261Y)

  Pre Recorded Webinar
  60 minutes

Update Yourself with the New Changes in the HMDA Disclosure Rules

The Consumer Financial Protection Bureau (CFPB) issued a final rule on October 15, 2015 which amends the disclosure rules of Home Mortgage Disclosure Act (HMDA). Exclusively designed for the public to supply financial information, HMDA provides knowledge on how financial institutions can effectively serve the community's housing needs, by asking financial institutions to provide certain data. The rule revises the tests for determining which financial institutions and housing-related credit transactions HMDA covers. It requires financial institutions to file new data information with the CFPB. Financial institutions with many reported transactions will be required to file quarterly, rather than annually.

If you're a mortgage originator, you must know the new HMDA reporting requirements. The compliance date is a few months away, but there is much to be done before then. Join expert speaker Chrys D. Lemon to know the data financial institutions must provide to CFPB to be compliant, note down the key dates, review the CFPB resources, reportable data etc. You will get an overview of techniques that may assist industry with compliance, and take part in discussion of applicable dates.

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Who Should Attend

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Chrys Lemon is a partner in McIntyre & Lemon, PLLC, in Washington, D.C. He specializes in financial services law, particularly related to marketing of consumer financial products and services, privacy law, insurance law, and regulation of financial institutions by the Consumer Financial Protecti... More info

Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.

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