Hmda
/ˈeɪtʃˌɛmˌdiːˈeɪ/
Definitions
- (n.) Home Mortgage Disclosure Act, a U.S. federal statute requiring financial institutions to disclose mortgage lending data to ensure compliance with anti-discrimination laws.
Banks must report loan data annually under HMDA to promote transparency and detect discriminatory lending.
Commentary
Acronym commonly used in financial regulatory and fair lending contexts; often appears in uppercase as HMDA.