Inquiry/Application Log.

CFR · 2024-01-01 · US · Title 12

(a) The Comptroller, among other things, may require a bank to maintain a Fair Housing Inquiry/Application Log (“Log”), based upon, but not limited to, one or more of the following causes: (1) There is reason(s) to believe that the bank may be prescreening or otherwise engaging in discriminatory practices on a prohibited basis. (2) Complaints filed with the Comptroller or letters in the Community Reinvestment Act file are found to be substantive in nature, indicating that the bank's home lending practices are, or may be, discriminatory. (3) Analysis of the data compiled by the bank under the provisions of the Home Mortgage Disclosure Act (12 U.S.C. 2801 (b) The Comptroller, when requiring the maintenance of a Log, will specify in writing: (1) The location(s) where the information shall be obtained; (2) The length of time it shall be maintained; (3) The frequency with which it shall be submitted to the Comptroller; and (4) The reason(s) for imposing this requirement. (c) A bank which has been directed by the Comptroller to maintain a Log shall obtain and note all of the following information regarding each inquiry or application for the extension of a home loan and each inquiry or application for a government insured home loan (not otherwise included in this part): (1) Date of application or inquiry. (2) Type of loan using the categories: purchase, construction-permanent; refinance; and government insured by type of insurance, (3) Indication of whether the entry refers to an a

official document · source cfr-2024 · id 12:§ 27.4