United States Government Publishing Office
publisher
pbl
distributor
dst
United States
National Archives and Records Administration
Office of the Federal Register
author
aut
Government Organization
text
government publication
eng
FR
Regulatory Information
2002_register
executive
2010-09-23
article
Home Mortgage Disclosure
Rules and Regulations
D09002ee1bdef8ebe
D09002ee1bdef908a
United States
Federal Reserve System
originator
org
United States Government Agency or Subagency
On February 15, 2002, the Board published in the Federal Register amendments to Regulation C effective for data collected beginning January 1, 2003, and solicited comment on several related issues with a comment period that closed on April 12. Financial institutions and their trade associations requested a postponement of the effective date until January 1, 2004, on the grounds that a 2003 deadline does not afford institutions adequate time to take the steps necessary to ensure full compliance with the new rules (including reprogramming their data systems and retraining their employees). Consumer and community organizations generally opposed postponement of the effective date. The Board has weighed the financial institutions' claims and underlying assumptions against public policy benefits of collecting the new data as soon as possible. The Board believes that some HMDA reporters, especially the largest ones, will not be able to fully implement the new rules by January 1, 2003, without jeopardizing the quality and usefulness of the data and incurring substantial additional implementation costs that could be avoided by a postponement. Accordingly, the Board is changing the effective date of the amendments from January 1, 2003, to January 1, 2004. The Board is, however, adopting an interim amendment to Appendix A, effective January 1, 2003, mandating the use of 2000 census data.
67 FR 30771
https://www.govinfo.gov/app/details/FR-2002-05-08/02-11343
02-11343
fr08my02-4
6210-01-P
Regulation C
Docket No. R-1001
https://www.govinfo.gov/app/details/FR-2002-05-08/02-11343
https://www.govinfo.gov/content/pkg/FR-2002-05-08/html/02-11343.htm
https://www.govinfo.gov/content/pkg/FR-2002-05-08/pdf/02-11343.pdf
Banks
Banking
Federal Reserve System
Mortgages
Reporting and Recordkeeping Requirements
2 p.
30771
30772
67 FR 30771
Code of Federal Regulations
Title 12 Part 203
12 CFR Part 203
Home Mortgage Disclosure; Federal Register Vol. 67, Issue
RULE
02-11343
FEDERAL RESERVE SYSTEM
2002-02-15
Regulation C
Docket No. R-1001
6210-01-P
02-11343
Final rules; delay of effective date.
On February 15, 2002, the Board published in the Federal Register amendments to Regulation C effective for data collected beginning January 1, 2003, and solicited comment on several related issues with a comment period that closed on April 12. Financial institutions and their trade associations requested a postponement of the effective date until January 1, 2004, on the grounds that a 2003 deadline does not afford institutions adequate time to take the steps necessary to ensure full compliance with the new rules (including reprogramming their data systems and retraining their employees). Consumer and community organizations generally opposed postponement of the effective date. The Board has weighed the financial institutions' claims and underlying assumptions against public policy benefits of collecting the new data as soon as possible. The Board believes that some HMDA reporters, especially the largest ones, will not be able to fully implement the new rules by January 1, 2003, without jeopardizing the quality and usefulness of the data and incurring substantial additional implementation costs that could be avoided by a postponement. Accordingly, the Board is changing the effective date of the amendments from January 1, 2003, to January 1, 2004. The Board is, however, adopting an interim amendment to Appendix A, effective January 1, 2003, mandating the use of 2000 census data.
The effective date of the amendments to Regulation C (12 CFR part 203) published February 15, 2002, at 67 FR 7222 is delayed from January 1, 2003, to January 1, 2004. The interim amendment to Appendix A to part 203 contained herein is effective January 1, 2003.
Kathleen C. Ryan, Senior Attorney, or Dan S. Sokolov, Attorney, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, Washington, DC 20551, at (202) 452-3667 or (202) 452-2412. For users of Telecommunications Device for the Deaf (TDD) only, contact (202) 263-4869.
Banks
Banking
Federal Reserve System
Mortgages
Reporting and Recordkeeping Requirements
Home mortgage disclosure (Regulation C):
Miscellaneous amendments; staff interpretation,
Federal Register
Vol. 67, no. 89
Office of the Federal Register, National Archives and Records Administration
2002-05-08
continuing
daily
deposited
born digital
345 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2002-05-08
P0b002ee1809b2f8d
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr08my02
https://www.govinfo.gov/app/details/FR-2002-05-08
https://www.govinfo.gov/content/pkg/FR-2002-05-08/pdf/FR-2002-05-08.pdf
https://www.govinfo.gov/content/pkg/FR-2002-05-08/xml/FR-2002-05-08.xml
fdlp
30769
31103
DGPO
2010-09-23
2023-05-04
FR-2002-05-08
machine generated
eng
FR
FR-2002-05-08
67
89