FDIC Federal Register Citations

[April 25, 1997 (Volume 62, Number 80)]

[Unified Agenda]

From the Federal Register Online via GPO Access [frwais.access.gpo.gov]

[Page 22652-22653]

Part LI

Federal Deposit Insurance Corporation

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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Final Rule Stage

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4101. FAIR HOUSING

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1817 to 1820; 12 USC 2801; 15 USC 1691; 42 USC

3605; 42 USC 3608

CFR Citation: 12 CFR 338

Legal Deadline: None

Abstract: This regulatory action removes the substitute fair housing

recordkeeping and monitoring requirements that the FDIC had imposed in

place of those contained in the FRS's Regulation B, and replaces them

with a cross-reference to Regulation B. Similarly, the action removes a

requirement that insured state nonmember banks maintain a home

application register in accordance with the FRS's Regulation C, and

replaces it with a cross-reference to Regulation C. Regulations B and C

implement the Equal Credit Opportunity Act and the Home Mortgage

Disclosure Act, respectively. This action also clarifies certain

[[Page 22653]]

nondiscriminatory advertising requirements with regard to placement and

display of the Equal Housing Lending poster. The intended effect of

these amendments is to reduce burden and to conform the FDIC's fair

housing regulations with those of the other Federal bank and thrift

regulatory agencies.

This action is the result of a CDRI section 303(a) review.

Timetable:

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Action Date FR Cite

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NPRM 09/20/96 61 FR 49420

NPRM Comment Period End 11/19/96

Final Action 05/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael R. Evans, Fair Lending Analyst, Division of

Compliance and Consumer Affairs, Federal Deposit Insurance Corporation,

Washington, DC 20429

Phone: 202 942-3091

RIN: 3064-AB72

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