The Office of the Comptroller of the Currency announced its first civil money penalties Monday for violations of data collection and reporting requirements under the Home Mortgage Disclosure Act.

Two banks owned by Amcore Financial Inc. of Rockford, Ill., paid $3,000 each in fines for filing erroneous HMDA reports. Compliance examiners found last year that Amcore's bank based in Rockford had a 70% error rate and its Dixon, Ill.-based bank had a 47% error rate in their 1996 HMDA reports, according to the OCC.

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