Description

Explores the types of loans covered by HMDA, and explains the collection steps for demographic information and how the Loan Application Register information is used. Defines the role of supervisory agencies and management in ensuring data is reported as outlined in HMDA.
What You’ll Learn
After completing this course, students will be able to:

Explain the purpose of the HMDA and what it covers

Describe the financial institutions required to report HMDA data

List other acts that support fair lending practices

Describe management responsibilities for reporting HMDA information

Identify when and how to complete demographic information

Identify data points covered by partial exemptions

Additional information

Audience	Bank personnel with responsibilities for any part of the mortgage lending process
Credits	1.0 CRCM
Member Price	55.00
Non-Member Price	75.00
Course Number	ABA
Location	Online Self-Paced
Vendor	ABA
Course Code	ABA
Prerequisites	None
Day	Online