Home Mortgage Disclosure (Regulation C)

Title: Home Mortgage Disclosure (Regulation C)
Subject: HMDA
Agency: CFPB
Status: Proposed rule
The Bureau of Consumer Financial Protection (Bureau) is proposing two alternatives to amend Regulation C to increase the threshold for reporting data about closed-end mortgage loans so that institutions originating fewer than either 50 closed-end mortgage loans, or alternatively 100 closed-end mortgage loans, in either of the two preceding calendar years would not have to report such data as of January 1, 2020. The proposed rule would also adjust the threshold for reporting data about open-end lines of credit by extending to January 1, 2022, the current temporary threshold of 500 open-end lines of credit and setting the threshold at 200 open-end lines of credit upon the expiration of the proposed extension of the temporary threshold. The Bureau is also proposing to incorporate into Regulation C the interpretations and procedures from the interpretive and procedural rule that the Bureau issued on August 31, 2018, and to implement further section 104(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
FR Doc:
Date proposed: May 2, 2019
Comments due date:

June 12, 2019

Final rule effective date:
Rule compliance date:
Agency release:

Related Reg Report item(s):

Bureau proposes higher thresholds for HMDA data reporting; wants input also on costs, benefits of gathering certain data points

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