Home Mortgage Disclosure Act

Home Mortgage Disclosure Act

Long title	An Act to extend the authority for the flexible regulation of interest rates on deposits and share accounts in depository institutions, to extend the National Commission on Electronic Fund Transfers, and to provide for home mortgage disclosure.
Enacted by	the 94th United States Congress
Effective	December 31, 1975
Citations
Public law	94-200
Statutes at Large	89 Stat. 1124
Codification
Titles amended	12 U.S.C.: Banks and Banking
U.S.C. sections created	12 U.S.C. ch. 29 §§ 2801-2811
U.S.C. sections amended	12 U.S.C. ch. 3 § 461 et seq.
Legislative history
Introduced in the Senate as S. 1281 by William Proxmire (D–WI) on March 21, 1975 Committee consideration by Senate Banking, Housing, and Urban Affairs, House Banking, Currency, and Housing Passed the Senate on September 4, 1975 (45-37) Passed the House on October 31, 1975 (177-147, in lieu of H.R. 10024) Reported by the joint conference committee on December 12, 1975; agreed to by the Senate on December 15, 1975 (agreed) and by the House on December 18, 1975 (agreed) Signed into law by President Gerald Ford on December 31, 1975

The Home Mortgage Disclosure Act (or HMDA, pronounced HUM-duh) is a United States federal law that requires certain financial institutions to provide mortgage data to the public. Congress enacted HMDA in 1975.^[1]