Home Mortgage Disclosure Act

E82914
United States federal law consumer protection law fair lending law

The Home Mortgage Disclosure Act is a U.S. federal law that requires financial institutions to publicly report data on home mortgage lending to help identify discriminatory lending patterns and ensure fair access to credit.

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Observed surface forms (1)

Surface form Occurrences
HMDA 1

Statements (59)

Predicate Object
instanceOf United States federal law ⓘ
consumer protection law ⓘ
fair lending law ⓘ
abbreviation Home Mortgage Disclosure Act self-linksurface differs ⓘ
surface form: HMDA
administeredBy Consumer Financial Protection Bureau ⓘ
Federal Financial Institutions Examination Council ⓘ
amendedBy Dodd–Frank Wall Street Reform and Consumer Protection Act ⓘ
Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
Housing and Community Development Act of 1992 ⓘ
appliesTo banks ⓘ
certain for-profit mortgage companies ⓘ
credit unions ⓘ
depository institutions ⓘ
nondepository mortgage lenders ⓘ
savings associations ⓘ
codifiedIn 12 U.S.C. §§ 2801–2810 ⓘ
country United States of America ⓘ
surface form: United States
dataAvailability publicly available loan-level data with certain fields modified or excluded for privacy ⓘ
dataFieldsInclude action taken on the application ⓘ
applicant ethnicity ⓘ
applicant income ⓘ
applicant race ⓘ
applicant sex ⓘ
loan amount ⓘ
loan purpose ⓘ
loan type ⓘ
owner-occupancy status ⓘ
property location ⓘ
rate spread and pricing information (for certain loans) ⓘ
dataPublishedBy Consumer Financial Protection Bureau ⓘ
Federal Financial Institutions Examination Council ⓘ
enactedBy United States Congress ⓘ
enforcementMechanism administrative sanctions for noncompliance ⓘ
supervisory examinations by federal banking agencies ⓘ
implementedBy 12 CFR Part 1003 ⓘ
implementedByRegulation Regulation C ⓘ
jurisdiction federal ⓘ
originalEnactmentYear 1975 ⓘ
policyGoal detection of redlining and other discriminatory practices ⓘ
transparency in mortgage lending markets ⓘ
publicLawNumber Public Law 94-200 ⓘ
purpose to assist in distributing public-sector investments in a manner designed to improve the private investment environment ⓘ
to ensure fair access to credit for housing ⓘ
to identify possible discriminatory lending patterns and enforce fair lending laws ⓘ
to provide the public with loan data that can be used to help determine whether financial institutions are serving the housing needs of their communities ⓘ
relatedTo Community Reinvestment Act ⓘ
Equal Credit Opportunity Act ⓘ
Fair Housing Act of 1968 ⓘ
surface form: Fair Housing Act
requires financial institutions to collect data on home mortgage applications and originations ⓘ
financial institutions to report mortgage data to regulators ⓘ
public disclosure of certain mortgage lending data ⓘ
usedBy community organizations ⓘ
federal regulators ⓘ
researchers ⓘ
state regulators ⓘ
the general public ⓘ
usedFor community reinvestment analysis ⓘ
monitoring compliance with the Equal Credit Opportunity Act ⓘ
monitoring compliance with the Fair Housing Act ⓘ

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Home Mortgage Disclosure Act → abbreviation → Home Mortgage Disclosure Act self-linksurface differs ⓘ
this entity surface form: HMDA
Consumer Financial Protection Bureau → enforces → Home Mortgage Disclosure Act ⓘ
Community Reinvestment Act → relatedTo → Home Mortgage Disclosure Act ⓘ
CRA → relatedTo → Home Mortgage Disclosure Act ⓘ
subject surface form: Community Reinvestment Act