HMDA App by Mail w/o Govt Monitoring Information

Answered by:

Question:

For HMDA purposes, when an application is received by mail and the applicant selects that they do not wish to provide the government monitoring information but still answer the questions of ethnicity, sex and race should the bank complete HMDA as the information has not been provided or complete those questions with the race ethnicity and sex provided by the applicant? There are a few different opinions being given.

Answer:

If the applicant provided their Ethnicity, Race and Sex then report it as provided.

First published on BankersOnline.com 6/4/12