Open-end lines of credit mortgage disclosure data reporting adjusts to 200 at first of new year, agency reminds

The threshold adjusts to 200 open-end lines of credit for reporting mortgage disclosure data at the start of the new year, the federal consumer financial protection agency reminded Friday.

In a publicly released letter, the Consumer Financial Protection Bureau (CFPB) stated that in April 2020, the agency issued a final rule amending its Regulation C (implemeing the Home Mortgage Disclosure Act, HMDA) to permanently set the reporting threshold for open-end lines of credit at 200, effective Jan. 1, 2022. That threshold replaces the temporary reporting threshold of 500 open-end lines of credit.

The agency noted that, at the start of the year, an institution that originated at least 200 open-end lines of credit in each of the two preceding calendar years, and meets all other Regulation C institutional coverage criteria, will be required to collect, record, and report data about its open-end lines of credit.

For example, an institution that originated at least 200 open-end lines of credit in both calendar years 2020 and 2021, and meets all other Regulation C institutional coverage criteria, will be required to collect, record, and report data about its open-end lines of credit for calendar year 2022 to be submitted by March 1, 2023,” CFPB wrote.

CFPB frequently asked questions (FAQs) on institutional and transactional coverage

Final rule: Home Mortgage Disclosure (Regulation C)