what act requires lenders to complie and submit their home loan origination data to their resperctive supervisry agencies

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07-01-2020
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what act requires lenders to complie and submit their home loan origination data to their resperctive supervisry agencies

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DeniceSandidge DeniceSandidge · Answer 1 · 2020-01-08T10:56:17+01:00

Answer:

correct answer is (HMDA) Home Mortgage Disclosure Act

Explanation:

solution

(HMDA) act, Home Mortgage Disclosure Act

HMDA was enacted in the 1975 and it is implemented by a Federal Reserve Board Regulation

and Home Mortgage Disclosure Act providing public with loan data as how financial institution is serve housing need of community

and Home Mortgage Disclosure Act regulation required mortgage lender for report specific information about commercial loan for residential or apartment building etc

so here correct answer is (HMDA) Home Mortgage Disclosure Act