Dear Board of Directors:
Your credit union’s total assets as of December 31, 2011, exceeded $41 million1;
Your credit union has a home or branch office in a Metropolitan Statistical Area on December 31, 2011; and
During 2011, your credit union originated at least one home purchase loan or refinanced a home purchase loan secured by a first lien on a one-to-four-family dwelling.
1.The Dodd-Frank Wall Street Reform and Consumer Protection Act transferred rulemaking authority for HMDA to the Consumer Financial Protection Bureau (CFPB), effective July 21, 2011. CFPB announced the asset threshold of $41 million on February 15, 2012. See Federal Register / Volume 77, Number 31, Page 8721.
2. You can reach NCUA’s Office of Consumer Protection at 703-518-1140 or OCPMail@ncua.gov.