A compliance exception review raises an HMDA Reporting Requirements question for a training manager. What answer should guide the file?
Correct Answer
A) Use Regulation C coverage rules before excluding the file
Covered institutions collect and report HMDA data for covered mortgage applications and loans. The best answer is "Use Regulation C coverage rules before excluding the file".
Why This Is the Correct Answer
Covered institutions collect and report HMDA data for covered mortgage applications and loans. The best answer is "Use Regulation C coverage rules before excluding the file".
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A consumer complaint response raises a question about GLBA privacy requirements. Which action should the state compliance officer recommend?
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