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SAFE NMLS NATIONAL EXAM W/UST STUDY GUIDE > (HMDA) Home Mortgage Disclosure Act (Regulation C) > Flashcards

(HMDA) Home Mortgage Disclosure Act (Regulation C) Flashcards

1
Q

(HMDA) Home Mortgage Disclosure Act (Reg C)

A

Designed to identify possible “discriminatory lending patterns.

  • HMDA requires lenders to file “monthly” reports regarding the ethnicity, race and sex of all applicants. These monthly reports are LAR (Loan Activity Reports)
  • Section 10 of loan application titled “Government Monitoring Purposes”
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SAFE NMLS NATIONAL EXAM W/UST STUDY GUIDE (17 decks)

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