Home Mortgage Disclosure Act (HMDA) for Compliance Professionals

Course Number: ABA

Course Code: ABA

Explains how to distinguish which institutions and transactions are covered by HMDA requirements and how to avoid the assessment of civil money penalties. Explores how to accurately complete a Loan Application Register (LAR) and the importance of management involvement in this process.

Updated: April 2019
Re-versioned: June 2016

What You’ll Learn
After completing this course, students will be able to:

-Whether an institution is covered by HMDA or not
-Which transactions are subject to HMDA
-How to properly complete a Loan Application Register (LAR)
-Additional disclosure and reporting requirements of HMDA
-Importance of management?s involvement

Audience: Compliance professionals including compliance managers, officers, and other compliance team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, auditors and lending compliance professionals

Prerequisites: None