Regulation C (HMDA Lending Data)
Regulation C (12 CFR 1003) implements HMDA: requires lenders to report loan data. Purpose: detect discrimination, identify credit needs, and monitor compliance. Data: applications, demographics (race, sex, income), property info, and loan terms. Covered: 25+ closed-end loans or 200+ open-end lines annually. Data is public. Used to identify redlining and lending disparities in FL communities.
What Is Reported
- Applications, dispositions
- Borrower demographics
- Property info, loan terms
Who Must Comply
- 25+ closed-end loans/year
- 200+ open-end lines/year
- Banks, credit unions, mortgage cos
FL Impact
- Reveals lending patterns
- Identifies disparities
- Holds lenders accountable
Related Terms
- Regulation B — Equal credit
Barnes Walker Real Estate
Barnes Walker’s attorneys advise on fair lending compliance. Request a legal inquiry for assistance.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC