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HMDA Backgrounder Chase  Form

HMDA Backgrounder Chase Form

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Instructions and help about HMDA Backgrounder Chase

[Music] you probably know if you're subject to humda but do you know if you're a large or small filer hi it's dave dickinson with bankers compliance consulting and i want to talk to you about the different tests that we have under humda for applicability subject to hamda rules versus the data requirements of being a small a large father now i don't like to do romanette we like to put things in plain english but the test for if you're subject to humda is found as you see on your screen right now in the definition of financial institution 1003.2 g you probably know if you're subject to hum they're not but that test looks back two years and it says you have to go over a certain threshold for loans or lines of credit two years in a row and it gives you a time to get ready to be subject to 100 because it's a big deal to be become savich ahamda for the first time but are you a larger small filer does not use the same test again

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