Mortgage Data Paperwork Renewal Seeks Public Comments
Published Date: 6/17/2025
Notice
Summary
The Office of the Comptroller of the Currency (OCC) is asking for public feedback to renew its paperwork rules about home mortgage info, called Regulation C. This affects banks and lenders who report mortgage data, helping keep things fair and clear. Comments are due by August 18, 2025, so don’t miss your chance to weigh in—no new fees or big changes, just a smooth renewal!
Analyzed Economic Effects
7 provisions identified: 2 benefits, 5 costs, 0 mixed.
Who Must Collect HMDA Data
Certain depository and non-depository institutions that make certain mortgage loans must collect, report, and disclose data about mortgage loan originations, purchases, and loan applications under Regulation C (HMDA). The collection implements 12 U.S.C. 2801 et seq. and 12 CFR part 1003.
Estimated Respondents and Total Burden
The OCC estimates 504 respondents and an estimated total annual burden of 504,190 hours for this information collection (OMB Control No. 1557-0345).
Annual and Quarterly Filing Deadlines
A financial institution must submit its annual loan/application register in electronic format by March 1 following the calendar year for which data are collected. Institutions that reported at least 60,000 covered loans and applications in the preceding calendar year must also submit quarterly registers within 60 calendar days after the end of each quarter (except the fourth quarter).
Record Retention and Branch Notice Rules
Financial institutions must retain a copy of their annual loan/application register for at least three years. They must make written notices available at their home office and each branch in every Metropolitan Statistical Area (MSA) and Metropolitan Division (MD) describing where HMDA data or disclosure statements can be obtained; the loan/application register notice must be available for three years and the disclosure-statement notice must be available for five years.
Public Purposes of HMDA Data
HMDA data are intended to help determine whether institutions are serving community housing needs, assist public officials in distributing public-sector investments to attract private investment, and help identify possible discriminatory lending patterns for enforcement of anti-discrimination statutes.
Separate Filing for Subsidiaries
A financial institution that is a subsidiary of a bank or savings association must complete a separate loan/application register and submit that register directly or through its parent to the appropriate Federal agency for the subsidiary's parent.
Opportunity to Comment by August 18, 2025
The OCC is soliciting public comment on the renewal of the Regulation C information collection, and comments must be received by August 18, 2025. Comments may be submitted by email, mail, hand delivery/courier, or fax and will become public record.
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Key Dates
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