Alert February 08, 2011

FRB Increases Asset-Size Exemption Threshold for Reporting HMDA Data

The FRB published a final rule raising to $40 million the asset-size exemption threshold for depository institutions in connection with reporting data under the Home Mortgage Disclosure Act. The rule increases the threshold from $39 million to $40 million in assets as of December 31, 2010. The adjustment was effective January 1, 2011, so it does not affect a depository institution’s 2010 HMDA reporting obligation. Click here for the rule.