Removing Barriers Blog

CFPB Issues Final Rule on HMDA Reporting Thresholds
Posted April 16, 2020 by CUNA Advocacy

The CFPB issued a final rule amending Regulation C to adjust the HMDA reporting thresholds for closed-end mortgage loans and open-end lines of credit.

Pursuant to the rule, effective July 1, 2020, the threshold for reporting data about closed-end mortgage loans will increase from 25 to 100 closed-end mortgage loans. CUNA supported this increase during the comment period but had called on the Bureau to establish a higher threshold.

In addition, effective January 1, 2022, when the current temporary threshold of 500 open-end lines of credit expires, the threshold for reporting data about open-end lines of credit will be permanently set at 200 open-end lines of credit.

To assist stakeholders, the Bureau has posted the following resources: