Regulatory Alert (22-RA-02) Submission of 2021 Home Mortgage Disclosure Act Data
Dear Boards of Directors and Chief Executive Officers:
Credit unions located in metropolitan areas that engage in certain types and volume of residential mortgage lending, and that had assets exceeding $48 million as of December 31, 2020, must file a report this year on mortgage loan applications received during 2021. The filing is required under the Home Mortgage Disclosure Act (HMDA), as implemented by the Consumer Financial Protection Bureau’s (CFPB’s) Regulation C.
Credit unions subject to HMDA requirements in calendar year 2021 must submit loan/application register data to the CFPB by March 1, 2022.
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