Feb. 28, 2012 – Credit unions have two days to complete and submit their 2011 mortgage loan/application registers to the Federal Reserve Board processing center.The registers, maintained under the Home Mortgage Disclosure Act, must be submitted by March 1 in an automated, machine-readable form unless lenders had 25 or fewer entries to the registers last year. (If there were 25 or fewer entries, the data can be submitted on paper.) ****READ MORE: CUs’ 2011 mortgage loan registers due NAFCU
In an ongoing effort to keep your FRCUA education current, modules are continually updated to reflect current NCUA and other regulatory agency requirements. As an example, BSA 26 now includes Artificial Intelligence and BSA, Elder Financial Exploitation, Pig Butchering & BSA, and Executive Order – Free and Fair Banking.
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