22-RA-01 Summary: HMDA Collection Requirements for Calendar Year 2022

22-RA-01 HMDA Collection Requirements for Calendar Year 2022
January 2022

NCUA has issued Regulatory Alert 22-RA-01 to remind credit unions of data collection requirements in 2022 for 2023 filing pursuant to Regulation C.

HMDA requires credit unions to collect HMDA data associated with mortgage loan applications processed during 2022, if:

  1. The credit union’s total assets as of December 31, 2021, exceeded $50 million;
  2. The credit union had a home or branch office in a Metropolitan Statistical Area on December 31, 2021;
  3. The credit union originated at least one home purchase loan (other than temporary financing such as a construction loan) or refinanced a home purchase loan, secured by a first lien on a one-to-four unit dwelling during 2021; and
  4. The credit union originated at least 100 covered closed-end mortgage loans in each of the two preceding calendar years (2020 and 2021) or at least 200 covered open-end lines of credit in each of the two preceding calendar years (2020 and 2021).

For credit unions that meet all four criteria, all HMDA data from the 2022 calendar year must be collected and submitted to the Consumer Financial Protection Bureau by March 1, 2023.