Most mortgage lenders will be required to submit their HMDA data in machine-readable form and to update loan application registers quarterly, but they wont have to file their data a month earlier than they are doing now as a result of the Federal Reserve Boards Nov. 23 approval of the final rule to HMDA.

The amendments intend to help improve the quality of the data and make data available earlier to the public. But, based on comments received, the Board wont change the reporting deadline from the current March 1 date. The amendments to Regulation C, the Home Mortgage Disclosure Act, also provide clarification requested by financial institutions required to report under HMDA.

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