|Title:||Home Mortgage Disclosure (Regulation C) Data Points and Coverage|
The Bureau of Consumer Financial Protection (Bureau) is issuing this Advance Notice of Proposed Rulemaking (ANPR) to solicit comments relating to whether to make changes to the data points that the Bureau’s October 2015 final rule implementing the Home Mortgage Disclosure Act (HMDA) added to Regulation C or revised to require additional information. Additionally, the Bureau is issuing this ANPR to solicit comments relating to the requirement that institutions report certain business- or commercial-purpose transactions under Regulation C.
On Oct. 10, 2019, the bureau extended the threshold for reporting data about open-end lines of credit to January 1, 2022, for institutions making 500 open-end lines of credit annually.
|Date proposed:||May 2, 2019|
|Comments due date:||
Oct. 15, 2019 (extended from July 8)
|Final rule effective date:|
|Rule compliance date:|
|Related Reg Report item(s):||Bureau proposes higher thresholds for HMDA data reporting; wants input also on costs, benefits of gathering certain data points|