2021 GUIDE TO HMDA REPORTING

1 EDITION EFFECTIVE JANUARY 1, 2021. (For HMDA Submissions due March 1, 2022). A GUIDE TO. HMDA. REPORTING Getting It Right! Federal Financial Institutions Examination Council Welcome to the 2022 HMDA filing, HMDA Filer CREATED. Submission is created but not started Ficus Bank A submission has been created and is ready for file upload. File Now Refile 2021. Edition 2021 A GUIDE T O HMDA REPORTING : Getting It Right! Edition Edition effective January 1, 2021 (for HMDA submissions due March 1, 2022). This edition of the GUIDE is the comprehensive edition for the 2021 calendar year data (due March 1, 2022). Appendices include: Overview of Data Requirements Chart;. HMDA Small Entity Compliance GUIDE .

2 Instructions on Collection of Data on Ethnicity, Race, and Sex;. Step-by-Step Charts Summarizing Transactional and Institutional Coverage;. Partial Exemptions Charts;. Data Fields and Data Points Chart;. Regulation C, 12 CFR Part 1003;. Official Interpretations to Regulation C, 12 CFR Part 1003;. Federal HMDA REPORTING Agencies; and HMDA Poster. Last Edited: March 22, 2021. Contents Foreword .. I. Summary of Requirements .. 1. Institutional Coverage: Who Must Report? ..1. Transactional Coverage: What Is Reported?..10. Compilation of Reportable Data: What Is Reported? ..32. Recording, REPORTING , and Disclosure: When is it Reported? ..34. 42. Overview of Data Requirements A-1.

3 HMDA Small Entity Compliance GUIDE .. B-1. Instructions on Collection of Data on Ethnicity, Race, and Sex .. C-1. Institutional Coverage Chart .. D-1. Transactional Coverage Chart .. E-1. Partial Exemptions Charts .. F-1. Data Fields and Data Points Chart ..G-1. Regulation C .. H-1. Official Interpretations to Regulation C .. I-1. Federal HMDA REPORTING Agencies ..J-1. HMDA Poster .. K-1. A GUIDE to HMDA REPORTING : Getting It Right! will assist you in complying with the Foreword Home Mortgage Disclosure Act (HMDA) as implemented by the Consumer Financial Protection Bureau's Regulation C, 12 CFR Part 1003 (Regulation C). The purpose of this GUIDE is to provide an easy-to-use summary of certain key requirements.

4 This GUIDE does not provide detailed information about the HMDA submission process, or file, data, and edit specifications. Information about those topics may be found on the FFIEC's Resources for HMDA Filers website, available at and The Foreword and Summary of Requirements sections of the GUIDE were developed by the Federal Financial Institutions Examination Council (FFIEC) the Board of Governors of the Federal Reserve System (Board), the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the State Liaison Committee (SLC) and the Department of Housing and Urban Development (HUD).

5 The appendices include, in addition to Regulation C and its Official Interpretations, certain HMDA compliance materials developed and issued exclusively by the CFPB and not by the FFIEC or its other member agencies. Financial institutions may wish to consult and rely upon additional compliance resources that their Federal supervisory agencies may offer. Contact information for each agency is available in Appendix J. This edition of the GUIDE incorporates the amendments made to HMDA by the Dodd- Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act)1 and the 1. Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124 Stat.

6 1376, 2097-2101 (2010). I | 2021 EDITION A GUIDE TO HMDA REPORTING : GETTING IT RIGHT! Economic Growth, Regulatory Relief, and Consumer Protection Act (The 2018 Act).2. The Dodd-Frank Act amended HMDA, transferred rulewriting authority to the CFPB. and expanded the scope of information that must be collected, reported, and disclosed under HMDA, among other changes. In October 2015, the CFPB issued the 2015. HMDA Rule implementing the Dodd-Frank Act amendments to Regulation The 2015 HMDA Rule modified the types of institutions and transactions subject to Regulation C, the types of data that institutions are required to collect, and the processes for REPORTING and disclosing the required On August 24, 2017, the CFPB issued a 2017 HMDA Rule to further amend Regulation C to make technical corrections and clarify and amend certain requirements adopted by the 2015 HMDA The 2018 Act amended HMDA by adding partial exemptions from HMDA's requirements for certain transactions made by certain insured depository institutions 2 Public Law, No.

7 115-174, 132 Stat. 1296 (2018). The President signed the Economic Growth, Regulatory Relief, and Consumer Protection Act into law on May 24, 2018. 3. Home Mortgage Disclosure (Regulation C), 80 FR 66128 (Oct. 28, 2015) (2015 HMDA Rule). 4. 2015 HMDA Rule, 80 FR 66128-29. For more information on the specific changes made by the 2015 amendments to Regulation C, review the Executive Summary for the 2015 HMDA. Rule, available at Further, Section 2 of the HMDA Small Entity Compliance GUIDE , available in Appendix B of this GUIDE , also provides an overview of these changes. 5. Home Mortgage Disclosure (Regulation C), 82 FR 43088 (Sept. 13, 2017) (2017 HMDA. Rule). For more information on the specific changes made by the 2017 technical corrections and clarifications to Regulation C, review the Executive Summary, available at 2021 EDITION A GUIDE TO HMDA REPORTING : GETTING IT RIGHT!

8 | II. and insured credit unions. On August 31, 2018, the CFPB issued a 2018 HMDA Rule to implement and clarify changes made by the 2018 On October 10, 2019, the Bureau issued a 2019 HMDA Rule to extend the temporary threshold for REPORTING data about open end lines of credit and implement and further clarify the partial exemptions created by the 2018 On April 16, 2020, the Bureau issued a 2020 HMDA Rule to adjust the thresholds for REPORTING data about closed-end mortgage loans, effective July 1, 2020, and the thresholds for REPORTING data about open-end lines of credit, effective January 1, 6. 83 FR 45325 (Sept. 7, 2018). 7 84 FR 57946 (Oct. 29, 2019). 8 85 FR 28364 (May 12, 2020).

9 III | 2021 EDITION A GUIDE TO HMDA REPORTING : GETTING IT RIGHT! The Summary of Requirements reviews HMDA's purposes and data collection, REPORTING , and disclosure requirements. It provides a high level summary of: The institutions covered by Regulation C. The transactions covered by Regulation C. The information that covered institutions are required to collect, record, and report. The requirements for REPORTING and disclosing data. This GUIDE is not a substitute for HMDA or Regulation C. Regulation C and its official interpretations (also known as the commentary) are the definitive sources of information regarding their requirements. Regulation C and its commentary are available in Appendix H and I of this GUIDE and at Additionally, this GUIDE is not a substitute for the requirements for filing the reportable data.

10 The Filing Instructions GUIDE (FIG) is the definitive source for information regarding the filing requirements and is available at 9. The Federal HMDA REPORTING agencies (the Board, CFPB, HUD, FDIC, NCUA, and OCC), referred to as the appropriate Federal agency in Regulation C, agreed that, beginning on January 1, 2018, all HMDA filers will file their HMDA data with the CFPB. The CFPB will process the HMDA data for the Federal HMDA REPORTING agencies and the FFIEC, and prepare and make available data products to the general public on behalf of the Federal HMDA REPORTING agencies and the FFIEC. For HMDA data REPORTING beginning in 2018, a web-based data submission and edit-check system (the HMDA Platform) is available to process HMDA data.