The Home Mortgage Disclosure Act requires lenders to report on the loans they make.

February 8, 2012

TransactionPre-Transaction Return to Index Page Income Tax Mortgage


   The Home Mortgage Disclosure Act (HMDA)

Requires financial institutions to maintain and annually disclose data about home purchases, home purchase pre-approvals, home improvement, and refinance applications involving 1 to 4 unit and multifamily dwellings.

Original statutory authority:
“Home Mortgage Disclosure Act of 1975,” Public Law No. 94–299

Federal Reserve
Federal Financial Institutions Examination Council (FFIEC)
Federal Deposit Insurance Corporation (FDIC)
Other banking regulators

Action can be taken against lenders if HMDA data shows evidence of discriminatory lending patterns.

More information:

This summary is not a comprehensive analysis of how the law applies to you.  Consult a qualified real estate attorney to determine how the federal law and laws in your state impact you in this area.

Robert Freedman

Robert Freedman is the former director of multimedia communications at NAR.