Home Mortgage Disclosure Act/Regulation C (HMDA)
Length:  1 hour
ABA Member price: $105 

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Course Description
This course introduces students to the home mortgage data and disclosure information that must be provided to the public and federal government as a result of the implementation of the Home Mortgage Disclosure Act. Students will learn about the types of loans covered by HMDA, the information that is required for reporting on the Loan Application Register, and the role of supervisory agencies and management in ensuring that the data is reported as outlined in HMDA. Throughout the course, students will learn about the significant changes that have been made to this Act that will, in most cases, become effective January, 2004.

Audience
Bank personnel with responsibilities for any part of the mortgage lending process.

Learning Objectives
After completing this course, students will be able to:

• Explain the purpose of the Home Mortgage Disclosure Act and what it covers
• Describe the financial institutions required to report HMDA data
• Provide an overview of the types of loans covered by HMDA
• Explain how the Loan Application Register data is used
• List regulatory agencies involved with HMDA reporting
• Respond to questions about HMDA
• Describe management responsibilities for reporting HMDA information