For immediate release

The Federal Reserve Board on Thursday published revisions to its Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The Board approved the revisions at its meeting on January 23, 2002. The amendments take effect for data collection beginning January 1, 2003. In a related action, also approved on January 23, the Board requests public comment on: The appropriate threshold for collecting price data on higher cost loans; A proposal to require lenders to ask telephone applicants their race, ethnicity, and sex; and A proposal to require lenders to report lien status for applications and originated loans. Comment is requested by April 12, 2002. The Board's notices are attached. Proposed rule (26 KB PDF) Final rule (180 KB PDF)

2002 Banking and consumer regulatory policy