12 CFR 202.17 – Data collection for credit applications by women-owned, minority-owned, or small businesses
Current as of: 2024 | Check for updates
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No motor vehicle dealer covered by section 1029(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, 12 U.S.C. § 5519(a), shall be required to comply with the requirements of section 704B of the Equal Credit Opportunity Act, 15 U.S.C. §§ 1691c–2, until the effective date of final rules issued by the Board to implement section 704B of the Act, 15 U.S.C. §§ 1691c–2. This paragraph shall not be construed to affect the effective date of section 704B of the Act for any person other than a motor vehicle dealer covered by section 1029(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Terms Used In 12 CFR 202.17
- Equal Credit Opportunity Act: Prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because an applicant receives income from a public assistance program. Source: OCC