CFPBs Revisions to the Home Mortgage Disclosure Act (HMDA) Disclosure Rules, Regulation C (MLC953A)

  Pre Recorded Webinar
  60 minutes

Learn How the CFPB Revised HMDA Reporting Requirements will Impact Financial Institutions and Their Credit Transactions

In August 2014 the Consumer Financial Protection Bureau (CFPB) proposed to amend the Home Mortgage Disclosure Act's disclosure rules (Regulation C). The final rule is scheduled to be issued in July or August 2015. HMDA is designed to provide the public with information about how effectively financial institutions serve the housing needs of communities by requiring financial institutions to provide certain data. The rule when finalized will revise the tests for determining which financial institutions and housing-related credit transactions are covered under HMDA. The rule also will require financial institutions to file new data points with the CFPB. Financial institutions with many reported transactions will be required to file quarterly, rather than annually. The rule also will clarify some existing requirements.

In this session by expert speaker, Chrys Lemon, you will learn why the HMDA disclosure rules are being changed and what new data points will be added. If you're a mortgage originator, it's imperative you know the new Home Mortgage Disclosure Act's (HMDA) reporting requirements.

Session Highlights:

Who should attend?

Mortgage loan officers and compliance personnel/counsel who work with closed-end loans, open-end lines of credit, and reverse mortgages secured by dwellings.

Watch the Video Snippet Before You Buy!

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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