BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 13.3//EN BEGIN:VTIMEZONE TZID:Central Standard Time BEGIN:STANDARD DTSTART:20231102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Central Standard Time TZOFFSETFROM:-0500 TZOFFSETTO:-0600 END:STANDARD BEGIN:DAYLIGHT DTSTART:20230301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Central Daylight Time TZOFFSETFROM:-0600 TZOFFSETTO:-0500 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:Do you know what HMDA reporting is required before and after th is mid-year transition? Even in the midst of pandemonium\, reporting is st ill required. Ensure you know what the rules are before the July 1 deadlin e &ndash\; it just might be good news for your institution!\nLearning Obje ctives\n\n Understand the impacts of the July 1\, 2020\, changes to the reporting threshold forclosed-end loans subject to HMDA reporting\n Em ploy a tool for collecting demographic information based on whether the ap plication was made in-person\, by mail\, or by phone\n Distinguish what activity is recorded in the first quarter of 2020 and NOT recorded in the second quarter\, if your institution is excluded under the revised thresh old\n Explain how and when demographic information must be requested un der Reg B\n Determine which applications remain subject to HMDA reporti ng\n Identify common reporting challenges\n\nIn the midst of the COVID- 19 pandemic\, the CFPB delivered some good news for financial institutions . Effective July 1\, 2020\, the final rule amends HMDA to increase the per manent threshold for collecting and reporting data on closed-end mortgage loans from 25 to 100 originated loans. This will significantly reduce the number of smaller filers who are originating fewer than 100 closed-end HMD A reportable loans. Attend this webinar and learn the impacts of the revis ed rules. It is important to understand that collecting demographic inform ation is not a requirement exclusive to HMDA\, and institutions should con tinue to collect information as required by the Equal Credit Opportunity A ct (Regulation B) for the purchase and refinance of a borrower&rsquo\;s pr incipal residence. DTEND:20200601T203000Z DTSTAMP:20240328T224113Z DTSTART:20200601T190000Z LOCATION: SEQUENCE:0 SUMMARY:Deadline July 1\, 2020: HMDA Final Rule on Closed-End Loan Data Col lection & Reporting UID:RFCALITEM638472444732399342 X-ALT-DESC;FMTTYPE=text/html:
Do you know what HMDA reporting is required before and after this mid-year transition? Even in the midst of pandemoni um\, reporting is still required. Ensure you know what the rules are befor e the July 1 deadline &ndash\; it just might be good news for your institu tion!
\nLearning Objectives
\nIn the midst of the COVID-19 pandemic\, the CFPB delivered some good news for financial institutions. Effective July 1\, 2020\, the final rule amends H MDA to increase the permanent threshold for collecting and reporting data on closed-end mortgage loans from 25 to 100 originated loans. This will si gnificantly reduce the number of smaller filers who are originating fewer than 100 closed-end HMDA reportable loans. Attend this webinar and learn t he impacts of the revised rules. It is important to understand that collec ting demographic information is not a requirement exclusive to HMDA\, and institutions should continue to collect information as required by the Equ al Credit Opportunity Act (Regulation B) for the purchase and refinance of a borrower&rsquo\;s principal residence.
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