California Code of Regulations
Title 21 - Public Works
Division 3 - California State Transportation Agency
Chapter 4 - Regulations Pursuant to the Housing Financial Discrimination Act of 1977
Article 2 - Nondiscrimination Requirements
Section 7107 - Nondiscrimination in Applications
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) No financial institution may discourage, or refuse to allow, receive, or consider any application, request, or inquiry regarding a loan, or discriminate in imposing conditions upon, or in processing, any such application, request, or inquiry on the following bases:
(b) Communications designed to provide information to a prospective applicant about rates, fees, terms, conditions, or other loan services a financial institution may or may not offer, shall not be prohibited if the information is provided in a manner consistent with subparagraph (a) above.
(c) A financial institution shall inform each inquirer of his or her right to file a written loan application, and to receive a copy of the financial institution's loan evaluation criteria.
Note: Authority cited: Section 35814, Health and Safety Code. Reference: Sections 35810- 35815, Health and Safety Code.