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HOME MORTGAGE DISCLOSURE ACT (HMDA)
Self-paced online course: ABA eLearning
Price: $95 members; $130 non-members ENROLL NOW
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. The course explores 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. REVISED: 2009
Audience: Bank personnel with responsibilities in 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 (HMDA) and what it covers
- Describe the financial
institutions required to report HMDA data
- Provide an overview of the
types of loans covered by HMDA
- List other Acts that
support fair lending practices
- List the regulatory agencies
involved with HMDA reporting
- Describe management
responsibilities for reporting HMDA information
- Describe how to complete
each section of the Loan Application Register
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