NCUA Q&As – Does a credit union have to locate the required fair lending signage in each individual office of a branch where a loan is originated? Or, is it acceptable to just display the signage in the lobby?

Compliance > Lending > Fair Lending
Q:   Does a credit union have to locate the required fair lending signage in each individual office of a branch where a loan is originated?  Or, is it acceptable to just display the signage in the lobby?
 
A:  Under NCUA Rules and Regulations, every federal credit union that engages in real estate-related transactions must display a notice of nondiscrimination.  The notice must be placed in the public lobby of the credit union and in the public area of each office where real estate-related loans are made and must be clearly visible to the general public.  So, if a credit union has several branch offices where real estate loans are made, the required signage must be posted in the branch lobby and in every office where real estate loans are made.  12 CFR § 701.31.
 
 
ADDITIONAL INFORMATION:
This Q&A was obtained from NCUA’s website, in a document entitled “NCUA Fair Lending Examination and Compliance Program for Federal Credit Unions,” which may be found here: 
 

Add Feedback