Guidelines relating to nondiscrimination in lending.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (2) (3) (4) (5) (i) In some instances, past credit difficulties may have resulted from discriminatory practices; (ii) A policy favoring applicants who previously owned homes may perpetuate prior discrimination; (iii) A current, stable earnings record may be the most reliable indicator of credit-worthiness, and entitled to more weight than factors such as educational level attained; (iv) Job or residential changes may indicate upward mobility; and (v) Preferring applicants who have done business with the lender can perpetuate previous discriminatory policies. (6) (7) (8) (d)

official document · source cfr-2024 · id 12:§ 128.9