share$447,125
Oriental Bank pays $447,125 for flood insurance violations
Issued by FDIC
Part 1002 - Equal Credit Opportunity Act (Regulation B)
Reg Letter:
B
Issuing Agency:
CFPB Letter Classification:
Reg info:
Authority: 12 U.S.C. 5512, 5581; 15 U.S.C. 1691b. Subpart B is also issued under 15 U.S.C. 1691c-2. Click HERE for a table of recent Federal Register and other documents affecting this regulation.
Sections of this regulation with pending amendments are marked with an asterisk (*) below.
- SUBPART A—GENERAL
- 1002.1—Authority, scope and purpose.
- 1002.2—Definitions.
- 1002.3—Limited exceptions for certain classes of transactions.
- 1002.4—General rules.
- 1002.5—Rules concerning requests for information.
- 1002.6—Rules concerning evaluation of applications.
- 1002.7—Rules concerning extensions of credit.
- 1002.8—Special purpose credit programs.
- 1002.9—Notifications.
- 1002.10—Furnishing of credit information.
- 1002.11—Relation to state law.
- 1002.12—Record retention.
- 1002.13—Information for monitoring purposes.
- 1002.14—Rules on providing appraisals and other valuations.
- 1002.15—Incentives for self-testing and self-correction.
- 1002.16—Enforcement, penalties and liabilities.
- SUBPART B—SMALL BUSINESS LENDING DATA COLLECTION
- § 1002.101—Authority, purpose and scope.
- § 1002.102—Definitions.
- § 1002.103—Covered applications.
- § 1002.104—Covered credit transactions and excluded transactions.
- § 1002.105—Covered financial instiitutions and exempt institutions.
- § 1002.106—Business and small business.
- § 1002.107—Compilation of reportable data.
- § 1002.108—Firewall.
- § 1002.109—Reporting of data to the Bureau.
- § 1002.110—Publication of data and other disclosures.
- § 1002.111—Recordkeeping.
- § 1002.112—Enforcement.
- § 1002.113—Severability.
- § 1002.114—Effective date, compliance date, and special transitional rules.
- Appendix A—Federal Agencies to be Listed in Adverse Action Notices
- Appendix B—Model Application Forms
- Appendix C—Sample Notification Forms
- Appendix D—Issuance of Official Interpretations
- Appendix E—Sample Form for Collecting Certain Applicant-Provided Data under Subpart B
- Appendix F—Tolerances for Bona Fide Errors in Data Reported under Subpart B
- Supplement I—Official Interpretations
- Federal Register Resources
First published on:
01/17/2014
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Banker ToolsPenalties View All
$1,500
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$100,000
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$6,000,000
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