2013 HMDA Threshold Announced

The CFPB recently announced amendments to HMDA (12 CFR 1003) regarding the asset-size threshold used BSA Training and Banking Regulations Compliance Consulting amy11 - 2013 HMDA Threshold Announcedto 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.

Amy Kudlacek


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