Question

A financial institution must post a general notice about the availability of its HMDA data:

A. In the lobby of its home office only.
B. In the lobby of its home office and on its website.
C. In the lobby of its home office and each branch office physically located in an MSA or MD.
D. In every branch office.

Answer 1

A financial institution is required to post a general notice about the availability of its HMDA data in the lobby of its home office and each branch office physically located in an MSA or MD.

Step-by-step explanation:

The correct answer is C. In the lobby of its home office and each branch office physically located in an MSA or MD. A financial institution is required to post a general notice about the availability of its HMDA (Home Mortgage Disclosure Act) data. This notice should be displayed in the lobby of its home office and in each branch office physically located in a Metropolitan Statistical Area (MSA) or Metropolitan Division (MD).