Giving a FIG: Bureau announces updated HMDA filing instructions released, next year’s deadlines too

An updated Filing Instructions Guide (FIG) for Home Mortgage Disclosure Act (HMDA) data collected in 2021 and reported the following year has been released, the federal consumer financial protection agency.

The Consumer Financial Protection Bureau (CFPB) said the updated FIG is intended to help banks, credit unions, and other financial institutions required to file quarterly HMDA data. The agency referred to the FIG as a “technical resource” to help institutions collect 2021 HMDA data that will be reported in 2022.

In addition to the FIG, the bureau said a “Supplemental Guide for Quarterly Filers for 2021” is also out now, which includes 2021 calendar year deadlines. The bureau said the supplemental guide will help financial institutions that are required to file HMDA data quarterly.

The bureau used the announcement of the guides as an opportunity to remind financial institutions that it does not expect to cite in an examination, or start an enforcement action, against any institution for failure to report its HMDA data quarterly. The bureau first announced that policy in late March, largely as a response to the coronavirus crisis. In the announcement Friday, the bureau indicated its eased approach toward HMDA data reporting would continue “until further notice.”

Filing instructions guide for HMDA data collected in 2021

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