A lender covered by HMDA must report loan application data by what date following the calendar year for which the data was collected?
Correct Answer
C) March 1st
Under Regulation C, covered lenders must submit their HMDA data by March 1st following the calendar year for which the data was collected. This deadline allows regulators to analyze the data for fair lending compliance.
Why This Is the Correct Answer
Under Regulation C, covered lenders must submit their HMDA data by March 1st following the calendar year for which the data was collected. This deadline allows regulators to analyze the data for fair lending compliance.
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