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HOME MORTGAGE DISCLOSURE ACT (HMDA)
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.
Audience:
Bank personnel with responsibilities in any part of the mortgage lending
process.
Learning Objectives:
After completing this course, students will be able to:
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Explain the purpose of the Home
Mortgage Disclosure Act and what it covers
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Describe the financial institutions
required to report HMDA data
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Provide an overview of the types of
loans covered by HMDA
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Explain how the Loan Application
Register data is used
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List regulatory agencies involved
with HMDA reporting
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Respond to questions about HMDA
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Describe management responsibilities
for reporting HMDA information
Credit:
ICB: 1.25
Delivery Methods:
This course is available in the following format:
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