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Data collected and reported under HMDA is compiled into a public dataset commonly known as:
a.The Fair Lending Index
b.The National Credit File
c.The RESPA Register
d.The Loan/Application Register (LAR)
Giải thích
Covered institutions record HMDA data on a Loan/Application Register (LAR), which is submitted to regulators and made available to the public. There is no 'Fair Lending Index,' 'National Credit File,' or 'RESPA Register' used for HMDA reporting. The LAR is the mechanism that supports transparency in mortgage lending patterns.
Trích dẫn luật: HMDALuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which single disclosure form under TRID replaced both the old Truth-in-Lending disclosure and the HUD-1 Settlement Statement at closing?
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- Under Regulation Z, a 'finance charge' includes which of the following?
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