Consumer bureau extends comment deadline for HMDA data points ANPR; comment period on coverage thresholds to be reopened

A three-month extension of the comment deadline on an advance notice of proposed rulemaking (ANPR) on Home Mortgage Disclosure Act (HMDA) data points and plans to reopen the comment period on HMDA coverage thresholds were announced Thursday by the Consumer Financial Protection Bureau (CFPB).

The ANPR comment deadline, previously July 8, is now set at Oct. 15, the bureau said in a release Thursday. The bureau also said it will publish a Federal Register notice to reopen the comment period on certain aspects of that proposed rule. (The comment period on coverage thresholds closed June 12.)

“The extension will give interested parties an opportunity to review the Bureau’s annual overview of residential mortgage lending based on the HMDA data financial institutions collected in 2018, as requested by a variety of stakeholders,” the bureau said in its release. “In late summer, the Federal Financial Institutions Examination Council will release the national loan level dataset and the Bureau will release an overview of that dataset.”

The ANPR, issued on May 2, 2019, solicits comment on certain data points in the bureau’s October 2015 final rule that were added to Regulation C or revised to require additional information, and on coverage of certain business- or commercial-purpose loans. The bureau said that to facilitate additional comments based on the public’s review of the release of the national loan level data set, it will issue a Federal Register notice to reopen the comment period on certain aspects on its notice of proposed rule making relating to HMDA coverage thresholds.

CFPB Extends Comment Period For ANPR on HMDA Data Points

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