Bankowość · 20.09.1996

Fair Housing

The FDIC is proposing to amend its fair housing regulation by clarifying certain nondiscriminatory advertising requirements with regard to placement and display of the Equal Housing Lender poster. The FDIC also proposes to offer insured state nonmember banks the option of displaying the Equal Housing Opportunity poster required by regulations of the U.S. Department of Housing and Urban Development and/or using the advertising slogan ``Equal Opportunity Lender.'' The agency further proposes to remove its fair housing recordkeeping requirements that serve as a substitute monitoring program permitted by the Federal Reserve Board's Regulation B, which implements the Equal Credit Opportunity Act, and its requirement that insured state nonmember banks maintain and report a home loan application register in accordance with Regulation C, which implements the Home Mortgage Disclosure Act. Instead, the FDIC will simply cross-reference Regulations B and C and require recordation and reporting of loan denial reasons. This action is being taken in accordance with section 303 of the Riegle Community Development and Regulatory Improvement Act of 1994, which requires the federal bank and thrift re