What documentation must lenders submit to provide data required by HMDA?

Lenders are required to submit a Loan Application Register (LAR) to provide data mandated by the Home Mortgage Disclosure Act (HMDA). The LAR is a crucial document that helps ensure transparency in mortgage lending practices. It captures information such as the type of loans originated, the demographics of applicants, and the outcomes of their applications, thereby allowing for the assessment of lending patterns and practices within various communities.

This data plays a significant role in identifying potential discriminatory lending practices, ensuring that lenders are providing fair access to credit. Therefore, the presence of the LAR is vital in meeting the compliance requirements of HMDA and facilitating federal oversight to promote fair lending. The other options, while related to banking and finance regulations, do not directly pertain to the documentation specifically required by HMDA for reporting loan data.