New 2018 "Home Mortgage Disclosure" Sign with New Required Verbiage that take effect January 1, 2018. The Consumer Financial Protection Bureau (CFPB) recently made changes to the Home Mortgage Disclosure Act that will make it mandatory to post updated compliance signage in your financial institution. Adhesive Mount 11 x 14 Inch.
This changes the current HMDA guidelines and requires adherence to new reporting and recordkeeping rules.
Sections 1003.5(b), (c), and (e) of Regulation C (12 CFR §1003.5) require Financial Institutions (as defined by HMDA) to display updated signage in the lobby of its (1) home office; and (2) each branch located in each MSA and Metropolitan District, AND to provide a written notice to the public upon request.
Highly polished black acrylic sign with surface screen printed copy resulting in a clean and professional mandatory sign.Polished acrylic signs are 1/8" thick with screen printed copy and available as black acrylic sign with white copy or as a white acrylic sign with black copy.
New 2018 Sign copy reads:
HOME MORTGAGE DISCLOSURE ACT NOTICE
The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. These data are available online at the Consumer Financial Protection Bureau’s website (www.consumerfinance.gov/hmda). HMDA data for many other financial institutions are also available at this website.