The Home Mortgage Reporting Act requires annual reporting by lenders with assets greater than what amount?

The Home Mortgage Reporting Act (HMDA) requires lenders with significant assets to report certain mortgage lending data annually, ensuring transparency and monitoring of mortgage practices. Specifically, the threshold set by HMDA for this reporting requirement is any lender with assets greater than 10 million dollars. This means that if a lender's assets surpass this amount, they are obligated to provide detailed information about their mortgage lending activities. This regulation is designed to collect and disclose information regarding mortgage transactions, allowing for better analysis of housing trends, discrimination, and lending patterns which can be critical in understanding and addressing issues related to fair lending and access to credit.

The other amounts listed, while they may be significant, do not align with the legal stipulation made under the HMDA, making them incorrect options in this context. The specification of 10 million is crucial as it establishes a clear and defined threshold for compliance among lenders, thereby playing a pivotal role in the overall goals of the act.