In the December 21, 2022, Federal Register (87 FR 77980), the CFPB issued technical amendments to Regulation C §§1003.2 and 1003.3, and comments 2(g), 3(c) and 3(c)11 of the official interpretations in Supplement I to Part 1003 of Regulation C, that decrease the closed-end mortgage loan reporting threshold from 100 loans to 25 loans in each of the two preceding calendar years, effective December 21, 2022.


The technical amendment updates the above sections and commentary of Regulation C so that it accurately reflects the September 23, 2022, order by the United States District Court for the District of Columbia that vacated the 100-loan volume reporting threshold for closed-end mortgage loans. As a result of the September 23, 2022, order, the threshold for reporting data about closed-end mortgage loans is 25, the threshold established by the 2015 HMDA Rule.


Full Memorandum