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Compliance Class: The HMDA Partial Exemption

Relief for small HMDA filers is here!  On August 31, 2018, the CFPB issued an “interpretive and procedural rule” which implements and clarifies HMDA changes made by the Economic Growth, Regulatory Relief, and Consumer Protection Act.  These new changes reduce the HMDA burdens for small filers by exempting them from reporting a number of data points on their LAR, though HMDA reporting is still required for both large and small HMDA filers.

While one would expect these changes to be fairly simple, the reality is there are quite a few complexities to the new rules.  As the rule became effective immediately upon publication in the Federal Register, it is important for smaller HMDA filers to know if and how this rule applies to them.

Therefore, we are offering a Compliance Class which explains how the new partial exemption applies to HMDA filers.

Class Pricing

Cost: $249 (Includes a training video/webinar and a comprehensive manual with Q&A).

What is included in this Compliance Class?

This Compliance Class can be completed in under an hour and provides you with everything you need to know about the partial exemption. 

The class includes the following:

  • A comprehensive manual

  • A "virtual classroom" instructional video

  • A step-by-step process to determine whether an insured HMDA reporter qualifies for the partial exception

  • A data point cheat sheet for coding exempt data fields

  • An executive summary for Senior Management and Board of Directors

  • A Q&A document to provide further guidance

  • 90-day access to the class

Questions That Will Be Answered

This class will address the following questions regarding the HMDA partial exemption:

  • How do we determine eligibility for 2018 and 2019?

  • What do we list in the exempt data fields?

  • What should a HMDA reporter do with data collected before May 24, 2018, when the law became effective?

  • Why are some data fields excluded and others aren’t?

  • What else should we know about the partial exemption?

The Virtual Classroom Approach

All of our Compliance Classes are presented in our virtual classroom approach.  This approach is designed to bring the presenter to you and includes a video of the presenter in front of a slide presentation that replicates a typical seminar environment.  In addition, our presenters take a three-part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman's terms, and by keeping it light and humorous whenever possible.  We have found that this "3-E" approach allow students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic.

90-Day Access

When you purchase this compliance class, you get instant access to the instructional video for 90 days.  You will also receive an electronic version of our instruction manual to keep.

100% Money Back Guarantee

We believe in our training products so much that we are offering a 100% money back guarantee.  If you do not feel that you received the value promised for this training session, contact us within the first 10 business days after purchase and we will provide 100% of the purchase price back to you.