What is the most important reason the Home Mortgage Disclosure Act was signed into law in 1976?

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asked May 2, 2020 178k views

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Matthieu Riegler · Answer 1 · 2020-05-06T18:28:12+0000

Answer:

The Home Mortgage Disclosure Act (HMDA) is a law passed in 1975 that mandates mortgage lenders maintain certain records. The goal is to create greater transparency and to protect borrowers in the residential mortgage market.

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What is the most important reason the Home Mortgage Disclosure Act was signed into law in 1976?

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