CUs reminded: HMDA application registers for 2018 activity due March 1

Continuing its string of reminders to credit unions about rules and deadlines related to Consumer Financial Protection Bureau (CFPB) rules, the federal credit union regulator Thursday noted that Home Mortgage Disclosure Act (HMDA) loan/application registers for calendar year 2018 loan activity are due by March 1.

The registers, the National Credit Union Administration (NCUA) said, are required for credit unions with offices located in metropolitan areas engaging in certain types and volumes of residential mortgages lending. The affected credit unions also have to have more than $45 million in assets (as of Dec. 31, 2017).

The credit union HMDA data, the regulator said, must be submitted using a web-based platform provided (and maintained) by CFPB, which implements HMDA through its Reg C.

NCUA Fair Lending Compliance Resources