FDIC Renews Home Loan Paperwork – Banks Rejoice?
Published Date: 12/9/2025
Notice
Summary
The FDIC wants to renew some important paperwork rules that banks follow to share info about home loans and other banking activities. This affects insured state banks and asks for public feedback by February 9, 2026. No big changes or costs are planned, but your comments can help shape the process!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Appraisals and Borrower Disclosures
If you apply for a higher‑risk mortgage, the creditor must give you a written disclosure within three days of application. If the loan meets the higher‑risk definition, the creditor must obtain a written appraisal by a certified or licensed appraiser who visits the interior of the property and provide a copy of the appraisal to you; an additional appraisal is required if the seller acquired the property within the previous 180 days at a lower price.
HMDA Reporting and Public Notice Rules
Insured State nonmember banks that meet Regulation C's asset‑size threshold must collect data about home loan applications, update that data quarterly, and report it annually. Institutions must make FFIEC disclosure statements and modified loan application registers available to the public (including written notice on request and posting in branch lobbies for each metropolitan statistical area and metropolitan division); the FDIC estimates the total annual burden for this HMDA collection at 329,347 hours.
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