source:
  type: regulation
  id: hmda-12cfr-1003.1
  authority: 12 CFR §1003.1 — Authority, purpose, and scope (Regulation C)
  description: 12 CFR §1003.1 — Authority, purpose, and scope.
  coverage_tier: context
obligations:
- id: hmda-12cfr-1003.1-full
  canonical_id: hmda-12cfr-1003.1-full
  section: 12 CFR §1003.1 — Authority, purpose, and scope
  type: reference
  tags:
  - regulator-direct
  - hmda
  - corpus-expansion
  - tier-context
  primary_source:
    tier: 1
    authority: 12 CFR §1003.1 — Authority, purpose, and scope (Regulation C)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1003.1
    snapshot_id: 7ca968171ee6843e
    fetched_at: '2026-06-17T19:30:41Z'
    content_hash: sha256:a48a29e5778ac08966660c56c5d93b22c1ff46ba3df96115da4a33f5a22a6554
    paragraph_quote: '§ 1003.1 Authority, purpose, and scope. (a) Authority. This
      part, known as Regulation C, is issued by the Bureau of Consumer Financial Protection
      (Bureau) pursuant to the Home Mortgage Disclosure Act (HMDA) ( 12 U.S.C. 2801
      et seq., ) as amended. The information-collection requirements have been approved
      by the U.S. Office of Management and Budget (OMB) under 44 U.S.C. 3501 et seq.
      and have been assigned OMB numbers for institutions reporting data to the Office
      of the Comptroller of the Currency (1557-0159), the Federal Deposit Insurance
      Corporation (3064-0046), the Federal Reserve System (7100-0247), the Department
      of Housing and Urban Development (HUD) (2502-0529), the National Credit Union
      Administration (3133-0166), and the Bureau of Consumer Financial Protection
      (3170-0008). (b) Purpose. (1) This part implements the Home Mortgage Disclosure
      Act , which is intended to provide the public with loan data that can be used:
      (i) To help determine whether financial institutions are serving the housing
      needs of their communities; (ii) To assist public officials in distributing
      public-sector investment so as to attract private investment to areas where
      it is needed; and (iii) To assist in identifying possible discriminatory lending
      patterns and enforcing antidiscrimination statutes. (2) Neither the act nor
      this part is intended to encourage unsound lending practices or the allocation
      of credit. (c) Scope. This part applies to financial institutions as defined
      in § 1003.2(g) . This part requires a financial institution to submit data to
      the appropriate Federal agency for the financial institution as defined in §
      1003.5(a)(4) , and to disclose certain data to the public, about covered loans
      for which the financial institution receives applications, or that it originates
      or purchases, and that are secured by a dwelling located in a State of the United
      States of America, the District of Columbia, or the Commonwealth of Puerto Rico
      . [ 76 FR 78468 , Dec. 19, 2011, as amended at 80 FR 66308 , Oct. 28, 2015]'
  judgment: false
