Nondiscrimination requirements.

CFR · 2024-01-01 · US · Title 12

(a) (1) (2) (3) (b) (i) Any applicant or joint applicant; (ii) Any person associated, in connection with a real estate-related loan application, with an applicant or joint applicant; (iii) The present or prospective owners, lessees, tenants, or occupants of the dwelling for which a real estate-related loan is requested; (iv) The present or prospective owners, lessees, tenants, or occupants of other dwellings in the vicinity of the dwelling for which a real estate-related loan is requested. (2) With regard to a real estate-related loan, a Federal credit union may not consider a lending criterion or exercise a lending policy which has the effect of discriminating on the basis of race, color, national origin, religion, sex, handicap, or familial status (having children under the age of 18). Guidelines concerning possible exceptions to this provision appear in paragraph (e)(1) of this section. (3) Consideration of any of the following factors in connection with a real estate-related loan is not necessary to a Federal credit union's business, generally has a discriminatory effect, and is therefore prohibited: (i) The age or location of the dwelling; (ii) Zip code of the applicant's current residence; (iii) Previous home ownership; (iv) The age or location of dwellings in the neighborhood of the dwelling; (v) The income level of residents in the neighborhood of the dwelling. (c) (i) Any applicant or joint applicant; (ii) Any person associated, in connection with a real estate-relat

official document · source cfr-2024 · id 12:§ 701.31