Federal Mortgage Law · 24% of the SAFE examhard
Correct answer: 3 years after the end of the calendar year the data was collected
HMDA/Regulation C requires LAR data retention for 3 years after the end of the calendar year in which the application was received. This allows regulators to conduct fair lending analysis using historical data. The 3-year period matches the Loan Estimate retention period but differs from the 5-year Closing Disclosure requirement and the 25-month ECOA requirement. Each regulation has its own retention timeline.
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