ALEXANDRIA, Va. – All credit unions that offer residential mortgage lending services and meet standard asset thresholds must comply with Reg C, the Home Mortgage Disclosure Act, NCUA advised recently in a Regulatory Alert No. 06-RA-02. Credit unions must submit their completed Loan Application Register to the Federal Reserve Board processing center with required data for applications received during 2005 by March 1, 2006. The best way for sending LAR data is by e-mail. The agency cautioned that transmissions sent other than via e-mail may be delayed due to FRB security protocols. Acceptable transmission methods are listed at: www.ffiec.gov/hmda/contactNCUA.htm. Any LAR data file that doesn't load successfully will not be marked as received by the FRB. NCUA recommends a CU should use the edit check feature contained in the HMDA data entry software before encrypting and submitting its transmission file. This, the agency says, will ensure the data can be successfully read by the FRB. After March 1, the FRB will provide a list of delinquent filers to NCUA which will review the list and determine whether to assess civil money penalties. When filing disclosure statements, NCUA reminds CUs that beginning with the disclosure statements for 2005, the statements are available electronically and will no longer be provided by paper or CD-ROM. CUs are responsible for retrieving their disclosure statements from the FFIEC Web site (www.ffiec.gov).