FDIC Finalizes Fair Housing Regulation
(Part 338 of the FDIC's Rules and Regulations)
The FDIC Board of Directors has finalized its rule on fair housing, closely
aligning it with the fair housing regulations of the other Federal bank and
thrift regulatory agencies. The rule reduces the burden on insured state
nonmember banks in the areas of advertising, poster and recordkeeping
The final rule, which is attached, incorporates the following changes:
Eliminates all references to the Department of Housing and Urban
Development's (HUD) Part 109.
Adds the option of using HUD's "Equal Housing Opportunity" legend or
logotype in all written and visual advertisements or displaying HUD's fair
housing poster in lieu of the FDIC's "Equal Housing Lender" poster, logotype
or legend. Insured state nonmember banks will also have the option of using
the "Equal Opportunity Lender" slogan in lieu of "Equal Housing Lender" in
Eliminates all recordkeeping and reporting requirements that exceed those
required by Regulations B and C. The final rule cross-references Regulations
B and C.
Retains as an option the collection and reporting of loan-denial reasons
pursuant to Regulation C.
Eliminates the "Notes" and "Questions and Answers" that accompany Part 338.
Questions about this final rule should be directed to your Regional Office of
the FDIC's Division of Compliance and Consumer Affairs (DCA) on the attached
list. You may also call Steve Fritts, Associate Director (202-942-3454), or
Michael R. Evans, Fair Lending Specialist (202-942-3091), in DCA; or Lori J.
Sommerfeld, Attorney (202-898-8515), in the Legal Division.
Distribution: FDIC-Supervised Banks (Commercial and Savings)
NOTE: Paper copies of FDIC financial institution letters may be obtained
through the FDIC's Public Information Center, 801 17th Street, N.W., Room 100,
Washington, D.C. ((703) 562-2200 or 800-276-6003). Electronic copies of FILs,
Press Releases and other important FDIC information for the public is available
through the FDIC website at: News, Events & FOIA