For those of you who are able to take advantage of HMDA’s partial data exemptions for “Small Filers”, we have updated our HMDA Data Guide to designate the fields from which you are exempt. Version 2.0 is available now in the Free Lending Tools on our website.
The exempt data fields for Small Filers are indicated by an asterisk (*) in the “Data Field” column. In the “Summary” column, you will find the proper reporting codes for those exempt data fields (also with a*) and some additional Small Filer Information.
If you are still unsure about whether you are a Small Filer or what relief the Small Filer rule might provide you, be sure to check out our HMDA “Small Filer” Relief webinar for everything you need to know!
Diane joined Banker’s Compliance Consulting with over 10 years of compliance experience and over 15 years of experience within the financial industry. Diane is a Certified Regulatory Compliance Manager (CRCM) and has a Bachelor’s Degree in Sociology with a concentration in Criminal Justice. She is a graduate of the Schools of Banking Compliance School and has participated in various other training opportunities throughout her career. Diane understands firsthand the struggles banks face in building and maintaining successful compliance programs. Her experience and common sense approach to consumer compliance is a great asset to our clients.
Diane and her husband have two kids who keep them busy. She enjoys running and other sports and is a big Bugs Bunny fan! She’s a bit crazy in that she does enjoy reading some of these regulations and she’s a “crazy cat lady!” Her cat tales are hilarious!