{"id":2042,"date":"2020-03-19T21:15:51","date_gmt":"2020-03-19T21:15:51","guid":{"rendered":"https:\/\/albanknews.com\/?p=2042"},"modified":"2020-03-19T21:15:51","modified_gmt":"2020-03-19T21:15:51","slug":"hmda-partial-exemption","status":"publish","type":"post","link":"https:\/\/albanknews.com\/?p=2042","title":{"rendered":"HMDA Partial Exemption"},"content":{"rendered":"<p><strong>Q: <\/strong>Our bank qualifies for the HMDA partial exemption. Some of the data points that we are exempt are things we don\u2019t use, like credit scores or automatic underwriting systems. So in reporting these data points, should\u00a0 I report \u201cExempt\u201d or \u201cNot applicable\u201d in those fields?<\/p>\n<p><strong>A: <\/strong>If the bank meets the partial exemption, the bank would report \u201cExempt\/1111\u201d for those fields if the bank is choosing to not report them.<\/p>\n<p>See generally:<a href=\"https:\/\/url.emailprotection.link\/?bc1eJngRiJPvrNVdBQs_Wq4urEWnUn7nzPFC2ffLuwLWFXj7bVnQS8BOtc8bI2YOmN1xwCpu3KV2dUP_TLJ_IurHT-nGc9b5sSethshGA4vdCTbzvu6tzQb0Qpo3q7cXeg1e77myfpkyE7_Nueg79BUaN1t7WTvqPk9fDG0tlMX9jSnwIWy6x5rhdeZW5km385qIjpLQK84hpPYTyaq6U8w~~\">https:\/\/s3.amazonaws.com\/files.consumerfinance.gov\/f\/documents\/bcfp_hmda_interpretive-procedural-rule_2018-08_executive-summary.pdf<\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Compliance Alliance offers a comprehensive suite of compliance management solutions. To learn how to put them to work for your bank, call (888) 353-3933 or email <a href=\"mailto:info@compliancealliance.com\">info@compliancealliance.com<\/a> and ask for our Membership Team. Not a member? <\/strong>Learn more about membership with Compliance Alliance by attending one of our live demos:<\/p>\n<ul>\n<li><a href=\"https:\/\/url.emailprotection.link\/?bq1UrSzKt_FfzJgt_opTTmSxl2hdcBwMoPkM3A1Xu4ld9RMUhikC3Ouqehk9UsjZ6SJObKQe0-cnrFQXUNy_atV6jkZY9ZZOLjcl-zVGAl2aDowmQzfUWDNCLTLUGAp0KlIqisUmDUPSdJgtERgEGP62fI1S8pfiOebEAURd5_9c~\"><strong>Live Demo on Tuesday,\u00a0 March 24<sup>th<\/sup> @ 10:00am CT.<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/url.emailprotection.link\/?bkiJ-YVi2FsQo0q5-h_fV4H5D6EVqafLkY4Z5YTiDzbdxBrFMuwlFSL7K_izx3ssQRJczNa22Uujr7_ZJYxK1Ly3R12BKHyz1sWmHi8IU3Wtuyj6MxWzCJ43kctcjchgw7IzrQ8WHLTB0F05hc2BUQ5hrtmSst8YqZ3roG74_uRA~\"><strong>Live Demo on Thursday,\u00a0 March 26<sup>h<\/sup> @ 1:00pm CT.<\/strong><\/a><\/li>\n<\/ul>\n<p>Compliance rules and regulations change quickly! For timely compliance updates, <a href=\"https:\/\/url.emailprotection.link\/?bwKfDDWcZW0NjoeiYuOKWEt_I2qYWyzZk_6BvOcrZxBe-BM4qT-xEWhLKvMlJIObIyFNMcIjNZroZIuUKw2PDgQ~~\"><strong>subscribe to Compliance Alliance\u2019s email newsletters<\/strong><\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Q: Our bank qualifies for the HMDA partial exemption. Some of the data points that we are exempt are things we don\u2019t use, like credit scores or automatic underwriting systems. So in reporting these data points, should\u00a0 I report \u201cExempt\u201d or \u201cNot applicable\u201d in those fields? A: If the bank meets the partial exemption, the bank would report \u201cExempt\/1111\u201d for those fields if the bank is choosing to not report them. See generally:https:\/\/s3.amazonaws.com\/files.consumerfinance.gov\/f\/documents\/bcfp_hmda_interpretive-procedural-rule_2018-08_executive-summary.pdf &nbsp; Compliance Alliance offers a comprehensive suite of compliance management solutions. To learn how to put them to work for your bank, call (888) 353-3933 or email [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1070,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[19,33,23],"tags":[],"class_list":["post-2042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-compliance-qa","category-publications","has_thumb"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/albanknews.com\/wp-content\/uploads\/2017\/11\/compliance-alliance.png?fit=800%2C800&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p4Y3P2-wW","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/posts\/2042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2042"}],"version-history":[{"count":1,"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/posts\/2042\/revisions"}],"predecessor-version":[{"id":2044,"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/posts\/2042\/revisions\/2044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/media\/1070"}],"wp:attachment":[{"href":"https:\/\/albanknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}