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ABA: The American Bankers Association
Compliance News

OCC Issues Revised HMDA Exam Procedures

The OCC on Dec. 17 issued revised examination procedures for evaluating Home Mortgage Disclosure Act compliance. The revised procedures address changes to the effective dates for banks that meet or exceed either the closed-end mortgage loans or the open-end lines of credit loan-volume threshold in each of the two preceding calendar years, as well as a changes to a partial exemption to apply to an application or covered loan. These new procedures rescind two previously issued OCC bulletins.