This Home Mortgage Disclosure Act online training course discusses the Home Mortgage Disclosure Act of 1975 including the amendments finalized in 2014, effective for January 1, 2018. This course dives deep into each aspect of the Act including institution coverage, covered loans, disclosure requirements, and filing. Data collection requirements are covered in detail, with an overview of all 48 data points and detailed information on the key areas of applicant information and collection, and action taken to date. This course is intended for Compliance Officers, Loan Operations staff, and any other staff members who will need to know the ins and outs of the Act.
Course Learning Objectives
By taking this online Home Mortgage Disclosure Act course, the user will learn to:
- State the purpose of HMDA
- Identify whether or not your bank is an HMDA reporter
- Identify the transactions that are HMDA applicable
- Identify when to report covered loans
- Identify the modified and new data collection points
- Ensure compliance with disclosure requirements
Course Outline
This online Home Mortgage Disclosure Act course is made up of the following sections:
- Introduction
- Purpose
- Definitions
- Institutional Coverage
- Transactional Coverage
- Reporting Timelines
- Data Collection
- Disclosures
Course Audience
This Home Mortgage Disclosure Act online training course was designed for lenders and other staff who are involved in the loan application process.
If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.
| Course Language |
English |
| Length Range |
31 - 60 Minutes |
| Length (Hours) |
0.75 |
| Course Features |
Audio, Mobile |
| Module Number(s) |
14517EN |
