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Each depositor insured to at least $250,000 per insured bank

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2000 - Rules and Regulations


PART 338—FAIR HOUSING

Sec.

Subpart A—Advertising

338.1 Purpose.
338.2 Definitions applicable to subpart A of this part.
338.3 Nondiscriminatory advertising.
338.4 Fair housing poster.

Subpart B—Recordkeeping

338.5 Purpose.
338.6 Definitions applicable to this subpart B.
338.7 Recordkeeping requirements.
338.8 Compilation of loan data in register format.
338.9 Mortgage lending of a controlled entity.

AUTHORITY:  12 U.S.C. 1817, 1818, 1819, 1820(b), 2801 et seq.; 15 U.S.C. 1691 et seq.; 42 U.S.C. 3605, 3608; 12 CFR parts 202, 203; 24 CFR Part 110.

Subpart A—Advertising

§ 338.1  Purpose.

The purpose of this subpart A is to prohibit insured state nonmember banks from engaging in discriminatory advertising with regard to residential real estate-related transactions. This subpart A also requires insured state nonmember banks to publicly display either the Equal Housing Lender poster set forth in § 338.4(b) of the FDIC's regulations or the Equal Housing Opportunity poster prescribed by part 110 of the regulations of the United States Department of Housing and Urban Development (24 CFR part 110). This subpart A enforces section 805 of title VIII of the Civil Rights Act of 1968, 42 U.S.C. 3601-3619 (Fair Housing Act), as amended by the Fair Housing Amendments Act of 1988.

[Codified to 12 C.F.R. § 338.1]

[Section 338.1 amended at 49 Fed. Reg. 35762, September 12, 1984, effective October 12, 1984; 53 Fed. Reg. 30837, August 16, 1988, effective September 15, 1988; 54 Fed. Reg. 52930, December 26, 1989; 56 Fed. Reg. 50038, October 3, 1991, effective November 4, 1991; 62 Fed. Reg. 36204, July 7, 1997, effective August 6, 1997]

§ 338.2 Definitions applicable to subpart A of this part.

For purposes of subpart A of this part:

(a)  Bank means an insured state nonmember bank as defined in section 3 of the Federal Deposit Insurance Act.

(b)   Dwelling means any building, structure, or portion thereof which is occupied as, or designed or intended for occupancy as, a residence by one or more families, and any vacant land which is offered for sale or lease for the construction or location thereon of any such building, structure, or portion thereof.

(c)  Handicap means, with respect to a person:

(1)  A physical or mental impairment which substantially limits one or more of such person's major life activities;

(2)  A record of having such an impairment; or

(3)  Being regarded as having such an impairment, but such term does not include current, illegal use of or addiction to a controlled substance (as defined in section 102 of the Controlled Substances Act (21 U.S.C. 802)).

(d)  Familial status means one or more individuals (who have not attained the age of 18 years) being domiciled with:

(1)  A parent or another person having legal custody of such individual or individuals; or

(2)  The designee of such parent or other person having such custody, with the written permission of such parent or other person.

The protection afforded against discrimination on the basis of familial status shall apply to any person who is pregnant or is in the process of securing legal custody of any individual who has not attained the age of 18 years.

[Codified to 12 C.F.R. § 338.2]

[Section 338.2 added at 56 Fed. Reg. 50039, October 3, 1991, effective November 4, 1991]

§ 338.3  Nondiscriminatory advertising.

(a)  Any bank which directly or through third parties engages in any form of advertising of any loan for the purpose of purchasing, constructing, improving, repairing, or maintaining a dwelling or any loan secured by a dwelling shall prominently indicate in such advertisement, in a manner appropriate to the advertising medium and format utilized, that the bank makes such loans without regard to race, color, religion, national origin, sex, handicap, or familial status.

(1)  With respect to written and visual advertisements, this requirement may be satisfied by including in the advertisement a copy of the logotype with the Equal Housing Lender legend contained in the Equal Housing Lender poster prescribed in § 338.4(b) of the FDIC's regulations or a copy of the logotype with the Equal Housing Opportunity legend contained in the Equal Housing Opportunity poster prescribed in § 110.25(a) of the United States Department of Housing and Urban Development's regulations (24 CFR 110.25(a)).

(2)  With respect to oral advertisements, this requirement may be satisfied by a statement, in the spoken text of the advertisement, that the bank is an " Equal Housing Lender" or an "Equal Opportunity Lender."

(3)  When an oral advertisement is used in conjunction with a written or visual advertisement, the use of either of the methods specified in subparagraphs (1) and (2) will satisfy the requirements of this paragraph (a).

(b)  No advertisement shall contain any words, symbols, models or other forms of communication which express, imply, or suggest a discriminatory preference or policy of exclusion in violation of the provisions of the Fair Housing Act or the Equal Credit Opportunity Act.

[Codified to 12 C.F.R. § 338.3]

[Section 338.2 amended at 54 Fed. Reg. 52930, December 26, 1989; amended and redesignated as § 338.3 at 56 Fed. Reg. 50039, effective November 4, 1991; 62 Fed. Reg. 36204, July 7, 1997, effective August 6, 1997]

§ 338.4  Fair housing poster.

(a)  Each bank engaged in extending loans for the purpose of purchasing, constructing, improving, repairing, or maintaining a dwelling or any loan secured by a dwelling shall conspicuously display either the Equal Housing Lender poster set forth in paragraph (b) of this section or the Equal Housing Opportunity poster prescribed by § 110.25(a) of the United States Department of Housing and Urban Development's regulations (24 CFR 110.25(a)), in a central location within the bank where deposits are received or where such loans are made in a manner clearly visible to the general public entering the area, where the poster is displayed.

(b)  The Equal Housing Lender Poster shall be at least 11 by 14 inches in size and have the following text:

 

(c)  The Equal Housing Lender Poster specified in this section was adopted under § 110.25(b) of the United States Department of Housing and Urban Development' s rules and regulations as an authorized substitution for the poster required in § 110.25(a) of those rules and regulations.

[Codified to 12 C.F.R. § 338.4]

[Section 338.3 amended at 49 Fed. Reg. 35762, September 12, 1984, effective October 12, 1984; 54 Fed. Reg. 52930, December 26, 1989; redesignated as § 338.4 at 56 Fed. Reg. 50039, October 3, 1991, effective November 4, 1991; amended at 59 Fed. Reg. 52667, October 19, 1994; 62 Fed. Reg. 36204, July 7, 1997, effective August 6, 1997; 73 Fed. Reg. 45856, August 7, 2008]

Subpart B—Recordkeeping

§ 338.5 Purpose.

The purpose of this subpart B is two-fold. First, this subpart B notifies all insured state nonmember banks of their duty to collect and retain certain information about a home loan applicant's personal characteristics in accordance with Regulation B of the Board of Governors of the Federal Reserve System (12 CFR part 202) in order to monitor an institution's compliance with the Equal Credit Opportunity Act of 1974 (15 U.S.C. 1691 et seq.). Second, this subpart B notifies certain insured state nonmember banks of their duty to maintain, update and report a register of home loan applications in accordance with Regulation C of the Board of Governors of the Federal Reserve System (12 CFR part 203), which implements the Home Mortgage Disclosure Act (12 U.S.C. 2801 et seq.).

[Codified to 12 C.F.R. § 338.5]

[Section 338.5 added at 56 Fed. Reg. 50039, October 3, 1991, effective November 4, 1991; amended at 62 Fed. Reg. 36204, July 7, 1997, effective August 6, 1997]

§ 338.6 Definitions applicable to this subpart B.

For purposes of this subpart B--

(a)  Bank means an insured state nonmember bank as defined in section 3 of the Federal Deposit Insurance Act.

(b)  Controlled entity means a corporation, partnership, association, or other business entity with respect to which a bank possesses, directly or indirectly, the power to direct or cause the direction of management and policies, whether through the ownership of voting securities, by contract, or otherwise.

[Codified to 12 C.F.R. § 338.6]

[Section 338.6 added at 56 Fed. Reg. 50040, October 3, 1991, effective November 4, 1991; amended at 62 Fed. Reg. 36204, July 7, 1997, effective August 6, 1997]

§ 338.7 Recordkeeping requirements.

All banks that receive an application for credit primarily for the purchase or refinancing of a dwelling occupied or to be occupied by the applicant as a principal residence where the extension of credit will be secured by the dwelling shall request and retain the monitoring information required by Regulation B of the Board of Governors of the Federal Reserve System (12 CFR part 202).

[Codified to 12 C.F.R. § 338.7]

[Section 338.7 amended at 46 Fed. Reg. 61642, December 18, 1981, effective December 14, 1981; 49 Fed. Reg. 35764, September 12, 1984, effective October 12, 1984; 50 Fed. Reg. 39990, October 1, 1985, effective October 31, 1985; 53 Fed. Reg. 30838, August 16, 1988, effective September 15, 1988; amended and redesignated as 338.7 at 56 Fed. Reg. 50039, October 3, 1991, effective November 4, 1991; 62 Fed. Reg. 36204, July 7, 1997, effective August 6, 1997]

§ 338.8 Compilation of loan data in register format.

(a)  Banks and other lenders required to file a Home Mortgage Disclosure Act loan application register (LAR) with the Federal Deposit Insurance Corporation shall maintain, update and report such LAR in accordance with Regulation C of the Board of Governors of the Federal Reserve System (12 CFR part 203).

[Codified to 12 C.F.R. § 338.8]

[Section 338.8 added at 56 Fed. Reg. 50040, October 3, 1991, effective November 4, 1991; amended at 62 Fed. Reg. 36204, July 7, 1997, effective August 6, 1997]

§ 338.9  Mortgage lending of a controlled entity.

Any bank which refers any applicants to a controlled entity and which purchases any home purchase loans or home improvement loans as defined in Regulation C of the Board of Governors of the Federal Reserve Board (12 CFR part 203) originated by the controlled entity, as a condition to transacting any business with the controlled entity, shall require the controlled entity to enter into a written agreement with the bank. The written agreement shall provide that the entity shall:

(a)  Comply with the requirements of §§ 338.3, 338.4 and 338.7, and, if otherwise subject to Regulation C of the Board of Governors of the Federal Reserve System (12 CFR Part 203), § 338.8;

(b)  Open its books and records to examination by the Federal Deposit Insurance Corporation; and

(c)  Comply with all instructions and orders issued by the Federal Deposit Insurance Corporation with respect to its home loan practices.

[Codified to 12 C.F.R. § 338.9]

[Section 338.9 amended at 49 Fed. Reg. 35764, September 12, 1984, effective October 12, 1984; amended and redesignated as 338.9 at 56 Fed. Reg. 50039, October 3, 1991, effective November 4, 1991; amended at 62 Fed. Reg. 36204, July 7, 1997, effective August 6, 1997]


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