209 CMR, § 54.42 - Data Collection and Reporting
(1)
As part of its examination, the Commissioner shall require a mortgage lender to
collect and report for examination purposes additional data fields beyond what
is required under HMDA . The mortgage lender shall be expected to test its data
collection and reporting, including its HMDA data, as part of its routine
internal controls to ensure compliance with all data reporting requirements as
well as its own policies and procedures.
(2)
Optional Data Collection and
Maintenance. At its option, a mortgage lender may provide other
information concerning its lending performance, including additional loan
distribution data.
Notes
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