HMDA data must be reported on the LAR and submitted by which date?

HMDA data must be reported on the LAR and submitted by which date?

• A. January 1st
• B. March 1st
• C. June 1st
• D. December 31st

Answer: (B)

HMDA data is reported annually, with the Loan Application Register capturing all applications for a given calendar year. After that year ends, the data must be finalized and submitted to the FFIEC by March 1 of the following year. This March 1 deadline keeps the data cycle on a predictable annual schedule so regulators can process and publish the information in a timely fashion. The other dates don’t align with the annual reporting cycle—January 1 is the start of the year, December 31 is year-end but not a submission deadline, and June 1 is not the established deadline for HMDA submissions.

HMDA data is reported annually, with the Loan Application Register capturing all applications for a given calendar year. After that year ends, the data must be finalized and submitted to the FFIEC by March 1 of the following year. This March 1 deadline keeps the data cycle on a predictable annual schedule so regulators can process and publish the information in a timely fashion. The other dates don’t align with the annual reporting cycle—January 1 is the start of the year, December 31 is year-end but not a submission deadline, and June 1 is not the established deadline for HMDA submissions.