Question:
This regulation provides the public loan data that can be used to assist in determining whether financial institutions are serving the housing needs of their communities, public officials in distributing publicsector investments to attract private investment to areas where it is needed, and in identifying possible discriminatory lending patterns. The regulation applies to certain financial institutions, including banks, savings associations, credit unions, and other mortgage lending institutions.
Author: Memorable LadybugAnswer:
Home Mortgage Disclosure Act of 1975 (HMDA/Regulation C)
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