Regulation B

Regulation B - [12 CFR 202 - Equal Credit Opportunity] - prohibits creditors from discriminating in any aspect of credit against applicants on the basis of any one of nine different factors: age, race, color, religion, national origin, sex, marital status, the fact that an applicant has, in good faith, exercised a right under the Consumer Credit Protection Act, or the fact that the applicant receives part or all of his income from public assistance programs. The regulation imposes substantive and timing requirements for communicating action on an application for credit (with different rules for individuals and large and small businesses,) requires the creditor to supply a copy of the appraisal, or a notice of the right to receive a copy of the appraisal, on loans that would be secured by a dwelling.