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WASHINGTON — NCUA came down on 22 federally insured credit unions that were late submitting their 2005 Home Mortgage Disclosure Act data to the tune of nearly $175,000 in assessed civil money penalties.

CUs are required to send the prior year’s HMDA loan/application registers to the Fed by March 1. NCUA sent out a regulatory alert back in January to inform CUs of the steps taken to ensure proper transmittal of the data and follow-up with the Fed for this year’s data, due today.

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