12 CFR §1002.13 — Information for monitoring purposes
Regulation B §1002.13 requires [LENDER] to request monitoring information (ethnicity/race, sex, marital status, age) for dwelling-secured consumer-purpose credit applications.
Verbatim regulatory text
Verbatim provisions from 12 CFR §1002.13 — Information for monitoring purposes — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
12 CFR §1002.13(a)(1) — Information to be requested for dwelling-secured credit
(1) A creditor that receives 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 as part of the application the following information regarding the applicant(s):
12 CFR §1002.13(b) — Obtaining information: visual observation/surname fallback
(b) Obtaining information. Questions regarding ethnicity, race, sex, marital status , and age may be listed, at the creditor 's option, on the application form or on a separate form that refers to the application . The applicant(s) shall be asked but not required to supply the requested information. If the applicant(s) chooses not to provide the information or any part of it, that fact shall be noted on the form. The creditor shall then also note on the form, to the extent possible, the ethnicity, race, and sex of the applicant(s) on the basis of visual observation or surname. When a creditor collects ethnicity and race information pursuant to § 1002.13(a)(1)(i)(B) , the creditor must comply with any restrictions on the collection of an applicant 's ethnicity or race on the basis of visual observation or surname set forth in appendix B to 12 CFR part 1003 . If there is more than one co-applicant, a creditor is permitted, but is not required, to collect the information set forth in paragraph (a) of this section from a second or additional co-applicant.
12 CFR §1002.13(c) — Disclosure to applicant
(c) Disclosure to applicant(s). The creditor shall inform the applicant(s) that the information regarding ethnicity, race, sex, marital status , and age is being requested by the Federal Government for the purpose of monitoring compliance with Federal statutes that prohibit creditors from discriminating against applicants on those bases. The creditor shall also inform the applicant(s) that if the applicant(s) chooses not to provide the information, the creditor is required to note the ethnicity, race and sex on the basis of visual observation or surname.
12 CFR §1002.13(a)(1) — Information to be requested for dwelling-secured credit — enumerated items (chapeau recall fix)
(i) Ethnicity and race using either: (A) For ethnicity, the aggregate categories Hispanic or Latino and not Hispanic or Latino; and, for race, the aggregate categories American Indian or Alaska Native, Asian, Black or African American, Native Hawaiian or Other Pacific Islander, and White; or (B) The categories and subcategories for the collection of ethnicity and race set forth in appendix B to 12 CFR part 1003 . (ii) Sex; (iii) Marital status , using the categories married, unmarried, and separated; and (iv) Age.