ALEXANDRIA, Va.-NCUA fined Paradise Federal Credit Union recently for turning in its Home Mortgage Disclosure Act data late. The late information came with a $19,000 price tag from NCUA. Credit unions and other lenders are required to collect HMDA data throughout the year and file it with the Federal Reserve Board by March 1 of the following calendar year.
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From the November-09, 2005 issue of Credit Union Times Magazine • Subscribe!
NCUA Issues HMDA Civil Money Penalty
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