New York Codes, Rules and Regulations
Title 9 - EXECUTIVE DEPARTMENT
Subtitle J - Division of Human Rights
Part 466 - General Regulations
Section 466.8 - Discrimination on the basis of sex or marital status in extension of credit
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Inquiries concerning marital history, status and number of dependents. For purposes of Executive Law, section 296-a(1)(c), it shall not be considered an expression of limitation, specifications or discrimination on the basis of sex or marital status if:
(b) Statement of reasons for rejection. For purposes of Executive Law, section 296-a(4)(a), a statement of the specific reasons for rejection of an application for credit shall be deemed to be in compliance with this section if it is a clear and meaningful statement of all of the factors which justified rejection.
(c) Attribution of past joint obligations. For purposes of Executive Law, section 296-a(4)(b), a response to a request for a separate credit history, made after July 15, 1974, shall include all obligations, whenever entered into, as to which the creditor or credit reporting bureau then has information in its files. In creating such a separate history, all obligations on which two parties were jointly liable shall be reported as the obligation of each, irrespective of the actual source of payments.