What is the asset threshold for depository institutions to report under HMDA?

The asset threshold for depository institutions to report under the Home Mortgage Disclosure Act (HMDA) is indeed $43 million. This threshold determines which financial institutions must collect and report data regarding their mortgage lending activities, enabling regulators to monitor fair lending practices and assess lending patterns within communities.

The $43 million asset limit is significant because institutions with less than this amount are exempt from reporting certain loan data, thereby streamlining the regulatory burden for smaller institutions while still ensuring that larger lenders contribute valuable information to the market. This threshold is adjusted periodically to account for inflation and changes in the market, which underscores the importance of staying informed about current regulations in mortgage lending.