2014 HMDA Threshold Announced

Hot off the presses!  Today, the CFPB announced amendments to HMDA (12 CFR 1003) regarding the asset-Amy11size threshold used to determine HMDA applicability.  The threshold was raised from $42 million in 2013 to $43 million for 2014.  This means any financial institution with an office located in a Metropolitan Statistical Area (MSA) and has assets in excess of $43 million as of December 31, 2013, will be subject to HMDA data collection and reporting requirements in 2014.

Amy Kudlacek

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