Home Mortgage Disclosure Act of 1975

{
  "id": "MLC-T-LAW-002444",
  "term": "Home Mortgage Disclosure Act of 1975",
  "field": "Law",
  "definition": "A United States federal law requiring financial institutions to report data regarding mortgage applications and originations. This information allows the public and regulators to determine if lenders are serving the housing needs of their communities and to identify discriminatory lending practices. The Federal Reserve Board and the Consumer Financial Protection Bureau oversee compliance with HMDA.",
  "abbreviation": "HMDA",
  "url": "https://mlchart.com/terminology/law/home-mortgage-disclosure-act-of-1975/"
}