Home Mortgage Disclosure — 1994-06-13 [94-14262]

The Board is publishing for public comment proposed changes to Regulation C (Home Mortgage Disclosure) and to the instructions and reporting forms that financial institutions must use in complying with the annual reporting requirements under the regulation. The principal reasons for the proposed amendments are to respond to the statutory provisions regarding earlier availability of the HMDA disclosure statements to the public; help improve the quality of the HMDA data; and provide clarifications requested by financial institutions that report under HMDA. The amendments would set an earlier deadline for reporting HMDA data to supervisory agencies; require reporting in machine-readable format; require institutions to keep their loan application registers current during the year as data are being collected; and make a number of other changes.