2013 HMDA Threshold Announced

The CFPB recently announced amendments to HMDA (12 CFR 1003) regarding the asset-size threshold used Amy11to determine HMDA applicability.  The threshold was raised from $41 million in 2012 to $42 million for 2013.  This means any financial institution with an office located in a Metropolitan Statistical Area (MSA) and has assets in excess of $42 million as of December 31, 2012, will be subject to HMDA data collection and reporting requirements in 2013. Learn more about the Home Mortgage Disclosure Act (HMDA) here. 

Amy Kudlacek


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