[October 29, 1997 (Volume 62, Number 209)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 58411]
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Completed Actions
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4302. 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
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 07/07/97 62 FR 36201
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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