Which data is NOT collected for HMDA monitoring?

Study for the Nationwide Mortgage Licensing System and Registry NMLS SAFE Act Test. Practice with in-depth questions and flashcards featuring detailed hints and explanations to enhance your preparation. Ace your licensing exam with confidence!

The data that is not collected for the Home Mortgage Disclosure Act (HMDA) monitoring is family size. HMDA primarily focuses on data that helps ensure fair lending practices and includes information about demographic factors that may influence lending decisions. Specifically, it collects data on sex, national origin, and race, all of which are essential for evaluating whether lending institutions are serving the housing needs of their communities without discrimination.

Family size, while potentially relevant to a borrower's financial situation, is not a demographic marker that HMDA specifically tracks. The HMDA's emphasis is on understanding the potential disparities in lending based on protected characteristics, and family size does not fall within that framework. Consequently, this highlights the primary goal of HMDA—to monitor and reduce discrimination in lending practices based on the established demographic categories.

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