Final answer:
The loan-volume threshold for closed-end mortgages is 100 loans in each of the two preceding calendar years, which is crucial for HMDA compliance.
Step-by-step explanation:
The loan-volume threshold for closed-end mortgages is 100 loans in each of the preceding two calendar years. This information is pertinent to compliance with the Home Mortgage Disclosure Act (HMDA), which requires certain financial institutions to provide mortgage data to the public. Institutions that originate at least 100 closed-end mortgages in each of the two preceding calendar years are required to report HMDA data. This threshold was updated in the Economic Growth, Regulatory Relief, and Consumer Protection Act signed into law in 2018. Keeping up with these thresholds is important for financial institutions to ensure regulatory compliance.