Practical Application of the Home Mortgage Disclosure Act

This course focuses on Home Mortgage Disclosure Act (HMDA) data collection and reporting. Despite renewed focus on mortgage compliance and fair lending practices, violations of the Home Mortgage Disclosure Act (HMDA) remain a common occurrence. Though HMDA violations are most often related to data reporting errors, fines and other penalties may still be imposed if errors are frequent and recurring. You will learn about the requirements guiding data collection and the requirements for reporting that data annually, as well as the requirements for disclosing that data.

What will I learn?

  • Explain applicability and importance of HMDA
  • Identify lender reporting requirements
  • Identify elements of the Loan Application Register (LAR)
  • Explain how HMDA data is reported to the regulatory agencies and disclosed data to the public

Course Length

30 mins(approx)

How it works

Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles, real world examples, and, where appropriate, video and/or audio recordings of industry experts.

The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete most courses.

Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.

*Restrictions apply. If your staff size exceeds 250, please consider the Enterprise AllRegs Education Package.

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