Amendments to ECOA Ethnicity and Race Information Collection Summary
This tool summarizes the Final Rule (effective January 1, 2018) amending Regulation B’s ethnicity and race information collection. The Final Rule affects creditors making mortgage loans subject to § 1002.13, HMDA reporters, and creditors who use the model forms from Appendix B to Reg. B for mortgage loans. The purpose of the rule is to facilitate compliance with HMDA and to help creditors transition to the 2016 URLA. Model Reg. B forms are changing.
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