HMDA Modified LARs Released
On March 29, 2019, the Consumer Financial Protection Bureau (CFPB) announced that the 2018 Home Mortgage Disclosure Act (HMDA) Modified Loan Application Registers (LARs) data was published. The HMDA stature requires this information to be made public by March 31 of each year. The modified LARs contain 2018 loan information for 5,400 financial institutions with certain information not made public for privacy reasons. This is the first year that additional loan data is available pursuant to the 2015 HMDA rule.
CLA’s financial institution regulatory compliance team assists banks and credit unions nationwide in establishing regulatory compliance programs, conducting compliance testing, and training staff on regulations. Justin Robinson is a member of CLA’s regulatory compliance team and can be reached at justin.robinson@CLAconnect.com.
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