Under the Home Mortgage Disclosure Act (HMDA), lending institutions are required to collect and disclose information regarding loan applications, originations, and loan purchases for home loans, home improvement loans, and refinancing loans. “HMDA alone require the bank to complete 25… Read More
Posts Tagged ‘Home Mortgage Disclosure Act’
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Home Mortgage Disclosure Act (HMDA) Compliance and Digitech Systems
If your business involves lending money for home mortgages, then you must comply with the Home Mortgage Disclosure Act (HMDA), which was enacted by Congress in 1975 and implemented by the Federal Reserve Board. The act requires lenders to collect… Read More