2. compliance with a program approved by federal or national law. A creditor does not violate Regulation B if it complies, in good faith, with a regulation adopted by a state agency that has implemented an assignment loan program in accordance with the directive. 1002.8 (a) (1) It is the Authority`s responsibility to adopt a regulation in accordance with federal and national law. 2. National Origin – Citizenship. A denial of credit on the basis that an applicant is not a U.S. citizen is not in itself discrimination on the basis of national origin. 1.
Plenipotentiaries. The concept of creditor includes all those involved in the credit decision. This may include an assignee or potential purchaser of the commitment that influences the credit decision by indicating whether it will acquire the commitment once the transaction is completed. 3. Proof of the common application. A person`s intention to be a common applicant must be demonstrated at the time of the application. Signatures on a change of sola should not be used to show the intention to apply for a joint loan. On the other hand, the signatures or initials of a credit application confirming the intention of applicants to apply for a joint loan can be used to justify the intention to apply for a joint loan. (see Appendix B) The method used to determine intent must be different from the means used by individuals to confirm the accuracy of the information. For example, signatures on a common financial list that confirm the accuracy of the information are not sufficient to justify the intention to apply for a joint loan. one. A creditor can calculate or take into account the sum of all income reported by the applicant, without taking steps to assess income on reliability.
2. Insurance information. A creditor may, for insurance purposes, obtain information about an applicant`s age, gender or marital status. However, the information can only be used to determine eligibility and premium rates for insurance companies and not to determine solvency. 1. Guarantees. A credit renewal guarantee is part of a credit transaction and is therefore subject to regulation. A creditor may require the personal guarantee of the partners, directors or officers of a company and the shareholders of a closely owned company, even if the company or company is solvent. However, the requirement must be based on the guarantor`s relationship with the company or business and not on a prohibited basis. For example, a creditor cannot demand guarantees only for businesses owned by women or minorities. Similarly, a creditor cannot demand guarantees only for married executives of a company or for married shareholders of a nearby company.
ii. The source of income that will be used as the basis for the repayment of the claimed credit, which could demonstrate that it is a spouse`s income. 4. Respect mode. In compliance with the provisions of the law and regulations, creditors who offer commercial credits can comply with consumer credit rules. Similarly, creditors can treat all business loans in the same way (regardless of income level) by providing a notification in accordance with the article. 1002.9, paragraph a) (3) (i). ii. When considering the various elements of an applicant`s income, the creditor cannot disconnect or exclude the consideration of a protected income. Any update or exclusion must take into account the applicant`s actual circumstances.
i. A creditor may consider the applicant`s activity and duration until retirement to determine whether the applicant`s income (including old age income) contributes to the lengthening of the credit to its lifetime. 4. Credit rating system. When a creditor bases the refusal or other adverse measures on a credit assessment system, these reasons should only relate to the factors actually obtained in the system. In addition, no factor that has been one of the main reasons for the use of adverse measures can be excluded from disclosure.