12 CFR Part 1002 - Equal Credit Opportunity Act (Regulation B)
Regulation B protects applicants from discrimination in any aspect of a credit transaction.
Credit transactions and aspects of credit transactions include:
- Consumer credit
- Business credit
- Mortgage loans
- Refinancing
- Open-end credit
- Credit applications
- Standards of creditworthiness
- Denial of credit
- Servicing and collection
- Revocation, alteration, or termination of credit
The regulation covers topics such as:
- Discrimination
- Discouragement
- Notification of action taken (including adverse action)
- Appraisal and other written valuations
- Special purpose credit programs
- Limitation on collection certain protected information
- Self-testing and self-correction
- Evaluation of applications
- Signature requirements
- Mandatory information collection for monitoring purposes
Additional resources
Consumer FAQs
Other resources
Mortgage Appraisal and Other Written Valuations Under ECOA Compliance Resources