web analytics
The OCC has informed banks and examiners that the loan origination threshold for reporting Home Mortgage Disclosure Act (HMDA) data on closed-end mortgage loans has changed. Due to a recent court decision, the threshold for reporting is now 25 closed-end mortgage loans originated in each of the two preceding calendar years.
On January 4, 2023, the Office of the Comptroller of the Currency (OCC) published in the Federal Register the attached notice to adjust the maximum amount of each civil money penalty (CMP) within its jurisdiction pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (2015 Adjustment Act). The adjusted maximum penalties are effective as of January 4, 2023, for violations occurring on or after November 2, 2015.
The Office of the Comptroller of the Currency (OCC) issued today the “Branches and Relocations” booklet of the Comptroller’s Licensing Manual. The revised booklet replaces the booklet of the same title issued October 2019, reflects recent changes to 12 CFR 5, makes corrections where necessary, and contains updated guidance.