Question

HMDA reports are due to the regulator by which of the following dates?

1) January 31
2) March 1
3) April 15
4) June 30

Answer 1

HMDA reports must be submitted by March 1. Missing this deadline can result in penalties for financial institutions.

Step-by-step explanation:

HMDA reports, which pertain to the Home Mortgage Disclosure Act, are required to be submitted to the regulator by March 1. This deadline ensures financial institutions have reported the necessary data on mortgage applications, originations, and purchases of loans. The precise date of March 1 is stated in the regulations pertaining to HMDA, and failing to meet this deadline can result in penalties for the reporting institution.