Get the free Equal Credit Opportunity (Regulation B) Interim Final Rule - gpo
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Dec 21, 2011 ... Equal Credit Opportunity (Regulation B); Interim Final Rule. Verde Mar 2010 17:58 Dec 20, 2011. Jet 226001. PO 00000. FRM 00001.
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What is equal credit opportunity regulation?
Equal Credit Opportunity Regulation is a U.S. law that prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, source of income, or participation in public assistance programs.
Who is required to file equal credit opportunity regulation?
Financial institutions, such as banks, credit unions, and mortgage lenders, are required to comply with the Equal Credit Opportunity Regulation.
How to fill out equal credit opportunity regulation?
The Equal Credit Opportunity Regulation can be filled out by collecting and reporting data on credit applicants without discriminating against any protected characteristics.
What is the purpose of equal credit opportunity regulation?
The purpose of Equal Credit Opportunity Regulation is to ensure fair access to credit and prevent discrimination in the lending process.
What information must be reported on equal credit opportunity regulation?
Information such as the applicant's race, ethnicity, sex, age, marital status, and income must be reported on the Equal Credit Opportunity Regulation form.
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