Home Finance Resources Finance Articles Finance books Finance Case Studies Finance B Schools Finance Current Affairs Finance Downloads Finance Events Finance Notifications Finance Faqs Finance Jobs Finance Job Consultants Finance News Finance Results Finance Courses Finance Sample Papers Finance Interview Questions Finance Training Institutes Investment Planning How it Works Learn to Invest Real Estate Bonds and Security Investment in India Short Term Investment Long Term Investment Investment Management Investment Services Investment Risks Investment Properties Investment Securities Foreign Direct Investment Investment Advice Tips by Experts Banking Types of Banks Easy Banking Banking services in India Proxy Banking in India Fact Files of Banks In India Online Banking Student Banking Credit Cards Foreign Exchange Types of Credit Cards Banking Law Banking Law & Regulation The pros and cons of online banking Finance Sources of Finance Financial Management Financial Market Corporate Finance Public Finance Personal Finance Home Finance General Finance International Finance Commercial Finance Small Business Finance Finance Related Financial Help Financial Economics Financial Planning Financial Products Types of Financial Advisors Stock Market Types of Stocks Stock Market Strategy Stock Market Research Stock Analysis Stock Investment Share Market Share Price Market Report Market Crash Portfolio Stock Tips Futures & Options Futures Options Trading Golden Rules For Trading Technical Trading Systems Fundamental Trading Systems Online Trading Day Trading Stock Trading Stock Trading Types Options Trading Commodity Trading Currency Trading Power Trading Forex Trading Trading Tips Mutual Funds Types of Mutual Funds Systematic Investment Plan Close Ended Mutual Funds Open Ended Mutual Funds Advantages & Disadvantages Expert Tips on Mutual Funds Mutual fund companies Insurance Types of Insurance Business Insurance Global Insurance Industry Global Industry Guide Reinsurance Insurance Agents Independent Insurance Broker Captive Insurance Brokers Insurance Leads Insurance Claims Training Insurance Companies Taxation Types of Taxation Principles of Taxation Taxation in India Taxation Admin & Procedure Sales Tax Value Added Tax (VAT) Capital Gains Tax Tax Rebates Tax Treaties Enquire

Home » Banking » Banking Law and Regulation » Home Mortgage Disclosure Act

Home Mortgage Disclosure Act (HMDA)

The Home Mortgage Disclosure Act was enacted by Congress in 1975 and is implemented by the Federal Reserve Board's Regulation C. This regulation provides the public with loan data that can be used to assist: in determining whether financial institutions are serving the housing needs of their communities; public officials in distributing public-sector investments so as to attract private investment to areas where it is needed; and in identifying possible discriminatory lending patterns. This regulation applies to certain financial institutions, including banks, savings associations, credit unions, and other mortgage lending institutions.

Back

---

Keywords:

Home Mortgage Disclosure Act, Truth in savings act, Community Reinvestment Act, Guarantee Capital, Electronic Funds Transfer, Subsidiary, Affiliation, Credit Card Debt, Chase Cards, Capital One Card, Advanta Card, Discover Cards, sms, wap, sms banking, credit, debit, mobile banking