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NCUA Regulatory Alert – HMDA Guidance

NCUA has issued a regulatory alert regarding Home Mortgage Disclosure Act (HMDA) filing and reporting process. The alert contains specific information about the following: o The 2005 reporting threshold for HMDA.

o The filing deadline for 2004 HMDA data. There is a strict March 1st filing deadline, and credit unions are encouraged to file well ahead of this deadline to ensure that any errors in submission are resolved prior to March 1st.

o Reference information, such as the HMDA Guide for Getting it Right.

o The availability of reporting software for 2005 calendar year data.

o Reporting by credit union service organizations.

Click here for CUNA's Final Rule Analysis, which provides additional information.


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