source:
  type: regulation
  id: hmda-12usc-2808
  authority: HMDA (Home Mortgage Disclosure Act, 12 U.S.C.) § 2808 — Effective date
  description: 'HMDA (Home Mortgage Disclosure Act, 12 U.S.C.), §2808 Effective date. Captured section-complete
    from Cornell LII (verbatim).

    '
obligations:
- id: hmda-12usc-2808-a
  canonical_id: hmda-12usc-2808-a
  section: 12 U.S.C. §2808(a)
  description: 'Effective date — (a): (a) In general This chapter shall take effect on the one hundred and eightieth
    day beginning after December 31, 1975 . Any institution specified in section 2802(2)(A) [1] of this title which
    has total assets as of its last full fiscal year of $10,000,000 or less is exempt from the provisions of this…'
  type: reference
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: HMDA (Home Mortgage Disclosure Act, 12 U.S.C.) § 2808
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/12/2808
    snapshot_id: 93dcc5b12dbd671d
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:f309646ddcb9319975abed2b050b51c5fcd23c4b6e5bc3a2a89cfa549ba7d000
    paragraph_quote: (a) In general This chapter shall take effect on the one hundred and eightieth day beginning
      after December 31, 1975 . Any institution specified in section 2802(2)(A) [1] of this title which has total
      assets as of its last full fiscal year of $10,000,000 or less is exempt from the provisions of this chapter.
      The Bureau, in consultation with the Secretary, may exempt institutions described in section 2802(2)(B) [1]
      of this title that are comparable within their respective industries to institutions that are exempt under
      the preceding sentence (as determined without regard to the adjustment made by subsection (b)).
    drafter_attestation: Verbatim slice of 12 U.S.C. §2808 subsection (a) from Cornell LII snapshot 93dcc5b12dbd671d;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: hmda-12usc-2808-b
  canonical_id: hmda-12usc-2808-b
  section: 12 U.S.C. §2808(b)
  description: 'Effective date — (b): (b) CPI adjustments (1) In general Subject to paragraph (2), the dollar amount
    applicable with respect to institutions described in section 2802(2)(A) 1 of this title under the 2d sentence
    of subsection (a) shall be adjusted annually after December 31, 1996 , by the annual percentage increase in
    the…'
  type: reference
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: HMDA (Home Mortgage Disclosure Act, 12 U.S.C.) § 2808
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/12/2808
    snapshot_id: 93dcc5b12dbd671d
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:f309646ddcb9319975abed2b050b51c5fcd23c4b6e5bc3a2a89cfa549ba7d000
    paragraph_quote: (b) CPI adjustments (1) In general Subject to paragraph (2), the dollar amount applicable with
      respect to institutions described in section 2802(2)(A) 1 of this title under the 2d sentence of subsection
      (a) shall be adjusted annually after December 31, 1996 , by the annual percentage increase in the Consumer
      Price Index for Urban Wage Earners and Clerical Workers published by the Bureau of Labor Statistics . (2)
      1-time adjustment for prior inflation The first adjustment made under paragraph (1) after September 30, 1996
      , shall be the percentage by which— (A) the Consumer Price Index described in such paragraph for the calendar
      year 1996, exceeds (B) such Consumer Price Index for the calendar year 1975. (3) Rounding The dollar amount
      applicable under paragraph (1) for any calendar year shall be the amount determined in accordance with subparagraphs
      (A) and (B) of paragraph (2) and rounded to the nearest multiple of $1,000,000. ( Pub. L. 94–200, title III,
      § 309 , Dec. 31, 1975 , 89 Stat. 1128 ; Pub. L. 102–242, title II, § 224(a) , Dec. 19, 1991 , 105 Stat. 2307
      ; Pub. L. 102–550, title XVI, § 1604(a)(15) , Oct. 28, 1992 , 106 Stat. 4083 ; Pub. L. 104–208, div. A, title
      II, § 2225(a) , Sept. 30, 1996 , 110 Stat. 3009–415 ; Pub. L. 111–203, title X, § 1094(1) , July 21, 2010
      , 124 Stat. 2097 .) [1] See References in Text note below.
    drafter_attestation: Verbatim slice of 12 U.S.C. §2808 subsection (b) from Cornell LII snapshot 93dcc5b12dbd671d;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
