Q: Which Laws and Regulations Apply for Fair Lending?
A: Fair lending laws and regulations include:
- the Equal Credit Opportunity Act (ECOA), and its implementing regulation, Regulation B;
- the Home Mortgage Disclosure Act (HMDA), and its implementing regulation, Regulation C; and
- the Fair Housing Act (FH Act).
- In addition, the National Credit Union Administration (NCUA) regulations contain nondiscrimination requirements for real estate-related loans. See 12 CFR § 701.31.