Under the Home Mortgage Disclosure Act, financial institutions must publicize certain information concerning home purchase loans, home improvement loans, refinances, and applications. How often must the financial institution record reportable transactions?

Question

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The Home Mortgage Disclosure Act requires that all reportable transactions be recorded by the end of thirty days after each calendar quarter. The Act also lists required information that should be recorded for each transaction.

Under the Home Mortgage Disclosure Act, Financial Institutions Must Publicize