(a) Reporting
to agency.
(1) (i) Annual reporting. By March 1 following the calendar year for
which data are collected and recorded as required by section 1003.4,
a financial institution shall submit its annual loan/application register
in electronic format to the appropriate Federal agency at the address
identified by such agency. An authorized representative of the financial
institution with knowledge of the data submitted shall certify to
the accuracy and completeness of data submitted pursuant to this paragraph
(a)(1)(i). The financial institution shall retain a copy of its annual
loan/ application register submitted pursuant to this paragraph (a)(1)(i)
for its records for at least three years.
(ii) Quarterly
reporting. Within 60 calendar days after the end of each calendar
quarter except the fourth quarter, a financial institution that reported
for the preceding calendar year at least 60,000 covered loans and
applications, combined, excluding purchased covered loans, shall submit
to the appropriate Federal agency its loan/application register containing
all data required to be recorded for that quarter pursuant to section
1003.4(f). The financial institution shall submit its quarterly loan/application
register pursuant to this paragraph (a)(1)(ii) in electronic format
at the address identified by the appropriate Federal agency for the
institution.
(iii) When the last
day for submission of data prescribed under this paragraph (a)(1)
falls on a Saturday or Sunday, a submission shall be considered timely
if it is submitted on the next succeeding Monday.
(2) A financial institution that is a subsidiary
of a bank or savings association shall complete a separate loan/application
register. The subsidiary shall submit the loan/application register,
directly or through its parent, to the appropriate Federal agency
for the subsidiary’s parent at the address identified by the agency.
(3) A financial institution shall
provide with its submission:
(i) Its name;
(ii) The calendar year the data submission
covers pursuant to paragraph (a)(1)(i) of this section or calendar
quarter and year the data submission covers pursuant to paragraph
(a)(1)(ii) of this section;
(iii)
The name and contact information of a person who may be contacted
with questions about the institution’s submission;
(iv) Its appropriate Federal agency;
(v) The total number of entries
contained in the submission;
(vi) Its Federal Taxpayer Identification number; and
(vii) Its Legal Entity Identifier (LEI)
as described in section 1003.4(a)(1)(i)(A).
(4) For purposes of paragraph (a) of this
section, “appropriate Federal agency” means the appropriate agency
for the financial institution as determined pursuant to section 304(h)(2)
of the Home Mortgage Disclosure Act (12 U.S.C. 2803(h)(2)) or, with
respect to a financial institution subject to the Bureau’s supervisory
authority under section 1025(a) of the Consumer Financial Protection
Act of 2010 (12 U.S.C. 5515(a)), the Bureau.
(5) Procedures for the submission of data
pursuant to paragraph (a) of this section are available at www.consumerfinance.gov/hmda.
6-5211.1
(b) Disclosure statement.
(1) The Federal Financial Institutions
Examination Council (FFIEC) will make available a disclosure statement
based on the data each financial institution submits for the preceding
calendar year pursuant to paragraph (a)(1)(i) of this section.
(2) No later than three business days
after receiving notice from the FFIEC that a financial institution’s
disclosure statement is available, the financial institution shall
make available to the public upon request at its home office, and
each branch office physically located in each MSA and each MD, a written
notice that clearly conveys that the institution’s disclosure statement
may be obtained on the Bureau’s Web site at www.consumerfinance.gov/hmda.
6-5211.2
(c) Modified loan/application register.
(1) A financial institution
shall make available to the public upon request at its home office,
and each branch office physically located in each MSA and each MD,
a written notice that clearly conveys that the institution’s loan/application
register, as modified by the Bureau to protect applicant and borrower
privacy, may be obtained on the Bureau’s Web site at www.consumerfinance.gov/hmda.
(2) A financial institution shall
make available the notice required by paragraph (c)(1) of this section
following the calendar year for which the data are collected.
6-5212
(d) Availability of written notices.
(1) A financial institution
shall make the notice required by paragraph (c) of this section available
to the public for a period of three years and the notice required
by paragraph (b)(2) of this section available to the public for a
period of five years. An institution shall make these notices available
during the hours the office is normally open to the public for business.
(2) A financial institution may make
available to the public, at its discretion and in addition to the
written notices required by paragraphs (b)(2) or (c)(1) of this section,
as applicable, its disclosure statement or its loan/application register,
as modified by the Bureau to protect applicant and borrower privacy.
A financial institution may impose a reasonable fee for any cost incurred
in providing or reproducing these data.
(e) Posted notice of availability of data. A
financial institution shall post a general notice about the availability
of its HMDA data in the lobby of its home office and of each branch
office physically located in each MSA and each MD. This notice must
clearly convey that the institution’s HMDA data is available on the
Bureau’s Web site at www.consumerfinance.gov/hmda.
6-5212.1
(f) Aggregated data. Using data submitted by
financial institutions pursuant to paragraph (a)(1)(i) of this section,
the FFIEC will make available aggregate data for each MSA and MD,
showing lending patterns by property location, age of housing stock,
and income level, sex, ethnicity, and race.
