The League – Fostering Financial Wellbeing for All

B041 Reg. B – Equal Credit Opportunity

This release describes the federal nondiscrimination law that applies to both consumer and business loans. This release provides a general overview of Reg. B. 

  • General Rules (§ 202.4)
  • Taking the Application (§ 202.5)
  • Evaluating the Application (§ 202.6)
  • Extending or Denying Credit (§ 202.7)
  • Special-purpose credit programs (§ 202.8) 
  • Notifications (§ 202.9) 
  • Furnishing Credit Information (§ 202.10) 
  • Relation to State Law (§ 202.11) 
  • Retention of Records (§ 202.12) 
  • Information for Monitoring Purposes (§ 202.13) 
  • Providing Copies of Appraisal Reports (§ 202.14) 
  • Self-testing (§ 202.15) 
  • (Interim) Requirements for Electronic Communication (§ 202.16)
  • Enforcement Penalties and Liabilities (§ 202.17) 

Please consult the regulation and its commentary for specific guidance.