Regulation C relates to which reporting requirement?

Regulation C is closely associated with the Home Mortgage Disclosure Act (HMDA). This regulation mandates certain financial institutions to collect, report, and disclose information about their mortgage lending activities. The primary goal of Regulation C is to provide the public and government officials with data that can help in assessing whether financial institutions are serving the housing needs of their communities.

By requiring this data, HMDA aims to ensure that lending practices are carried out fairly and without discrimination. The information collected under Regulation C includes details such as the applicant's race, ethnicity, sex, and the location of the property involved in the mortgage application, which helps in evaluating lending patterns and identifying potential discriminatory practices in the mortgage lending process.

This regulatory framework plays a crucial role in promoting transparency and accountability in the mortgage lending industry, enabling monitoring for compliance with fair lending laws and understanding trends in housing finance.