Home Mortgage Disclosure Act (HMDA)/Reg C

Will Financial Institutions be required to download and maintain Disclosure Statements and Modified LAR information for public access since this data will be available on the CFPB website?

Since this information is available via the CFPB web site, the financial institution is not required to provide this data to an inquirer. However, the institution has the option to continue providing this data as requested, and may charge a reasonable fee for reproducing and for providing copies of the data, but is not required to, other than meeting compliance with providing the notice of the availability of this data online.Since this information is available via the CFPB web site, the financial institution is not required to provide this data to an inquirer. However, the institution has the option to continue providing this data as requested, and may charge a reasonable fee for reproducing and for providing copies of the data, but is not required to, other than meeting compliance with providing the notice of the availability of this data online.

Citation(s):§1003.5(b); Commentary ¶5(b); §1003.5(c); Commentary ¶5(c); §1003.5(d); §1003.5(e); Commentary ¶5(e); §1003.5(f)