38 Ill. Adm. Code 185.410
Data Collection, Reporting, and Disclosure
Section 185.410 Data Collection, Reporting, and
Disclosure
a) Credit
unions shall comply with all data collection, reporting and disclosure
requirements as required by applicable law.
b) A
credit union, except a credit union that meets the definition of a small credit
union or intermediate small credit union, which is subject to HMDA reporting
requirements, shall report to the Department the location of each home mortgage
loan application, origination, or purchase outside the credit union's assessment
field in accordance with the requirements of 12 CFR 1003.
c) Optional data collection
and maintenance.
1) Consumer
Loans. A credit union may collect and maintain in machine readable form (as
prescribed by the Secretary) data for consumer loans originated or purchased by
the credit union for consideration under the lending test. A credit union may
maintain data for one or more of the following categories of consumer loans: motor
vehicle, credit card, other secured, and other unsecured. If the credit union
maintains data for loans in a certain category, it shall maintain data for all
loans originated or purchased within that category. The credit union shall
maintain data separately for each category, including for each loan:
A) A
unique number or alpha-numeric symbol that can be used to identify the relevant
loan file;
B) The
loan amount at origination or purchase;
C) The
loan location; and
D) The
gross annual income of the borrower that the credit union considered in making
its credit decision.
2) Other
loan data. At its option, a credit union may provide other information
concerning its lending performance, including additional loan distribution data
or any other data required or permitted to be reported by banks under federal
or State banking regulations.
d) Data
on affiliate lending. A credit union that elects to have the Secretary consider
loans by an affiliate, for purposes of the lending or community development
test or an approved strategic plan, shall collect, maintain, and report for
those loans the data that the credit union would have collected, maintained,
and reported had the loans been originated or purchased by the credit union.
For home mortgage loans, the credit union shall also be prepared to identify
the home mortgage loans reported under 12 CFR Part 1003 (Home Data Disclosure)
by the affiliate.
e) Data
on lending by a consortium or a third party. A credit union that elects to have
the Secretary consider community development loans by a consortium or third
party, for purposes of the lending or community development tests or an
approved strategic plan, shall report for those loans the data that the credit
union would have reported had the loans been originated or purchased by the
credit union.