Filing period for 2023 HMDA data now open, with March 1 submission due date

Filings for data collected last year under home mortgage disclosure requirements are due by March 1, the federal consumer financial protection agency said Thursday, noting that the filing period opened on Jan. 1.

The Consumer Financial Protection Bureau (CFPB) said filings under the Home Mortgage Disclosure Act (HMDA) on its HMDA Platform provides “financial institutions an opportunity to determine whether their loan/application register (LAR) data comply with the reporting requirements outlined” in the agency’s instructions guide, located on the umbrella Federal Financial Institutions Examination Council (FFIEC) website.

The agency said its online LAR formatting tool helps banks and other financial institutions, typically those with small volumes of covered loans and applications, to create an electronic file that can be submitted to the HMDA platform. “Filers can create their transmittal sheet and LAR rows, entering values for each data field, and use this tool to download the entire LAR file,” CFPB said. “Filers can also easily edit an existing file by uploading their file to the tool.”

CFPB noted that the online LAR formatting tool does not save any user data.

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