Important Message for HMDA Reporters

Important Message for HMDA Reporters

The Bureau of Consumer Financial Protection has asked NRMLA to remind our members who submit Home Mortgage Disclosure Act (HMDA) data that they must obtain a Legal Entity Identifier (LEI) beginning January 1, 2019, as described in 12 CFR 1003.5(a)(3).

The Bureau has concluded that many financial institutions are not aware that they must have an LEI or, if they do, have not set one up. Requiring use of the LEI will improve the BCFB’s ability to identify the legal entity that is reporting data and to link it to its corporate family.

The LEI is a unique, 20-digit alphanumeric identifier issued by a utility endorsed by the LEI Regulatory Oversight Committee or endorsed or otherwise governed by the Global LEI Foundation or a successor organization. A financial institution can go to the Global LEI Foundation website, or any other approved LEI creation entity to obtain an LEI.

If you have further questions, please go to HMDA Help.