In the December 31, 2012, issue of the Federal Register (Vol. 77, Pages 76839 – 76840, click here) the Bureau of Consumer Financial Protection published a final rule amending the official commentary that interprets the requirements of HMDA’s Regulation C to reflect an increase in the asset-size exemption threshold for banks, savings associations, and credit unions for data collection in 2013. The exemption threshold is adjusted to increase to $42 million from $41 million. Therefore, banks, savings associations, and credit unions with assets of $42 million or less as of December 31, 2012, are exempt from collecting HMDA data in 2013. Please note, however, that this exemption from collecting date in 2013 does not affect a depository institution’s responsibility to report date it was required to collect in 2012.