source:
  type: regulation
  id: reg-b-1002.7
  authority: 12 CFR §1002.7 — Rules concerning extensions of credit
  description: 'Regulation B §1002.7 governs how [LENDER] extends credit including

    individual-account rules, name designation, open-end-account

    actions, and spousal-signature restrictions.

    '
obligations:
- id: reg-b-1002.7-a
  canonical_id: reg-b-1002.7-a
  section: 12 CFR §1002.7(a)
  description: '(a): (a) Individual accounts. A creditor shall not refuse to grant an individual account
    to a creditworthy applicant on the basis of sex, marital status , or any other prohibited basis .'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1002.7(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1002.7
    snapshot_id: 6ccdbae7ee8a7bf9
    fetched_at: '2026-05-22T18:23:01Z'
    content_hash: sha256:96969f24c271dc43f4a91d047c06c7d6f87956b18a2fe53c842daba894aa78d3
    paragraph_quote: (a) Individual accounts. A creditor shall not refuse to grant an individual account
      to a creditworthy applicant on the basis of sex, marital status , or any other prohibited basis
      .
    drafter_attestation: Verbatim subsection of 12 CFR §1002.7 from Cornell LII snapshot 6ccdbae7ee8a7bf9;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-b-1002.7-b
  canonical_id: reg-b-1002.7-b
  section: 12 CFR §1002.7(b)
  description: '(b): (b) Designation of name. A creditor shall not refuse to allow an applicant to open
    or maintain an account in a birth-given first name and a surname that is the applicant ''s birth-given
    surname, the spouse''s surname, or a combined surname.'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1002.7(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1002.7
    snapshot_id: 6ccdbae7ee8a7bf9
    fetched_at: '2026-05-22T18:23:01Z'
    content_hash: sha256:96969f24c271dc43f4a91d047c06c7d6f87956b18a2fe53c842daba894aa78d3
    paragraph_quote: (b) Designation of name. A creditor shall not refuse to allow an applicant to open
      or maintain an account in a birth-given first name and a surname that is the applicant 's birth-given
      surname, the spouse's surname, or a combined surname.
    drafter_attestation: Verbatim subsection of 12 CFR §1002.7 from Cornell LII snapshot 6ccdbae7ee8a7bf9;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-b-1002.7-c
  canonical_id: reg-b-1002.7-c
  section: 12 CFR §1002.7(c)
  description: '(c): (c) Action concerning existing open-end accounts —(1) Limitations. In the absence
    of evidence of the applicant ''s inability or unwillingness to repay, a creditor shall not take any
    of the following actions regarding an applicant who is contractually liable on an existing open-end
    account on the basi…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1002.7(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1002.7
    snapshot_id: 6ccdbae7ee8a7bf9
    fetched_at: '2026-05-22T18:23:01Z'
    content_hash: sha256:96969f24c271dc43f4a91d047c06c7d6f87956b18a2fe53c842daba894aa78d3
    paragraph_quote: '(c) Action concerning existing open-end accounts —(1) Limitations. In the absence
      of evidence of the applicant ''s inability or unwillingness to repay, a creditor shall not take
      any of the following actions regarding an applicant who is contractually liable on an existing open-end
      account on the basis of the applicant ''s reaching a certain age or retiring or on the basis of
      a change in the applicant ''s name or marital status:'
    drafter_attestation: Verbatim subsection of 12 CFR §1002.7 from Cornell LII snapshot 6ccdbae7ee8a7bf9;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-b-1002.7-i
  canonical_id: reg-b-1002.7-i
  section: 12 CFR §1002.7(i)
  description: '(i): (i) Require a reapplication, except as provided in paragraph (c)(2) of this section;
    (ii) Change the terms of the account ; or (iii) Terminate the account . (2) Requiring reapplication.
    A creditor may require a reapplication for an open-end account on the basis of a change in the marital
    status of a…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1002.7(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1002.7
    snapshot_id: 6ccdbae7ee8a7bf9
    fetched_at: '2026-05-22T18:23:01Z'
    content_hash: sha256:96969f24c271dc43f4a91d047c06c7d6f87956b18a2fe53c842daba894aa78d3
    paragraph_quote: (i) Require a reapplication, except as provided in paragraph (c)(2) of this section;
      (ii) Change the terms of the account ; or (iii) Terminate the account . (2) Requiring reapplication.
      A creditor may require a reapplication for an open-end account on the basis of a change in the marital
      status of an applicant who is contractually liable if the credit granted was based in whole or in
      part on income of the applicant 's spouse and if information available to the creditor indicates
      that the applicant 's income may not support the amount of credit currently available.
    drafter_attestation: Verbatim subsection of 12 CFR §1002.7 from Cornell LII snapshot 6ccdbae7ee8a7bf9;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-b-1002.7-d
  canonical_id: reg-b-1002.7-d
  section: 12 CFR §1002.7(d)
  description: '(d): (d) Signature of spouse or other person —(1) Rule for qualified applicant. Except
    as provided in this paragraph, a creditor shall not require the signature of an applicant ''s spouse
    or other person , other than a joint applicant , on any credit instrument if the applicant qualifies
    under the credito…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1002.7(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1002.7
    snapshot_id: 6ccdbae7ee8a7bf9
    fetched_at: '2026-05-22T18:23:01Z'
    content_hash: sha256:96969f24c271dc43f4a91d047c06c7d6f87956b18a2fe53c842daba894aa78d3
    paragraph_quote: '(d) Signature of spouse or other person —(1) Rule for qualified applicant. Except
      as provided in this paragraph, a creditor shall not require the signature of an applicant ''s spouse
      or other person , other than a joint applicant , on any credit instrument if the applicant qualifies
      under the creditor ''s standards of creditworthiness for the amount and terms of the credit requested.
      A creditor shall not deem the submission of a joint financial statement or other evidence of jointly
      held assets as an application for joint credit . (2) Unsecured credit. If an applicant requests
      unsecured credit and relies in part upon property that the applicant owns jointly with another person
      to satisfy the creditor ''s standards of creditworthiness, the creditor may require the signature
      of the other person only on the instrument(s) necessary, or reasonably believed by the creditor
      to be necessary, under the law of the state in which the property is located, to enable the creditor
      to reach the property being relied upon in the event of the death or default of the applicant .
      (3) Unsecured credit—community property states. If a married applicant requests unsecured credit
      and resides in a community property state , or if the applicant is relying on property located in
      such a state , a creditor may require the signature of the spouse on any instrument necessary, or
      reasonably believed by the creditor to be necessary, under applicable state law to make the community
      property available to satisfy the debt in the event of default if:'
    drafter_attestation: Verbatim subsection of 12 CFR §1002.7 from Cornell LII snapshot 6ccdbae7ee8a7bf9;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-b-1002.7-i
  canonical_id: reg-b-1002.7-i
  section: 12 CFR §1002.7(i)
  description: '(i): (i) Applicable state law denies the applicant power to manage or control sufficient
    community property to qualify for the credit requested under the creditor ''s standards of creditworthiness;
    and (ii) The applicant does not have sufficient separate property to qualify for the credit requested
    withou…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1002.7(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1002.7
    snapshot_id: 6ccdbae7ee8a7bf9
    fetched_at: '2026-05-22T18:23:01Z'
    content_hash: sha256:96969f24c271dc43f4a91d047c06c7d6f87956b18a2fe53c842daba894aa78d3
    paragraph_quote: (i) Applicable state law denies the applicant power to manage or control sufficient
      community property to qualify for the credit requested under the creditor 's standards of creditworthiness;
      and (ii) The applicant does not have sufficient separate property to qualify for the credit requested
      without regard to community property. (4) Secured credit. If an applicant requests secured credit
      , a creditor may require the signature of the applicant 's spouse or other person on any instrument
      necessary, or reasonably believed by the creditor to be necessary, under applicable state law to
      make the property being offered as security available to satisfy the debt in the event of default,
      for example, an instrument to create a valid lien, pass clear title, waive inchoate rights, or assign
      earnings. (5) Additional parties. If, under a creditor 's standards of creditworthiness, the personal
      liability of an additional party is necessary to support the credit requested, a creditor may request
      a cosigner, guarantor, endorser, or similar party . The applicant 's spouse may serve as an additional
      party , but the creditor shall not require that the spouse be the additional party . (6) Rights
      of additional parties. A creditor shall not impose requirements upon an additional party that the
      creditor is prohibited from imposing upon an applicant under this section.
    drafter_attestation: Verbatim subsection of 12 CFR §1002.7 from Cornell LII snapshot 6ccdbae7ee8a7bf9;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-b-1002.7-e
  canonical_id: reg-b-1002.7-e
  section: 12 CFR §1002.7(e)
  description: '(e): (e) Insurance. A creditor shall not refuse to extend credit and shall not terminate
    an account because credit life, health, accident, disability, or other credit -related insurance is
    not available on the basis of the applicant ''s age. CFR Toolbox Law about... Articles from Wex Table
    of Popular Name…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1002.7(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1002.7
    snapshot_id: 6ccdbae7ee8a7bf9
    fetched_at: '2026-05-22T18:23:01Z'
    content_hash: sha256:96969f24c271dc43f4a91d047c06c7d6f87956b18a2fe53c842daba894aa78d3
    paragraph_quote: (e) Insurance. A creditor shall not refuse to extend credit and shall not terminate
      an account because credit life, health, accident, disability, or other credit -related insurance
      is not available on the basis of the applicant 's age. CFR Toolbox Law about... Articles from Wex
      Table of Popular Names Parallel Table of Authorities Accessibility About LII Contact us Advertise
      here Help Terms of use Privacy
    drafter_attestation: Verbatim subsection of 12 CFR §1002.7 from Cornell LII snapshot 6ccdbae7ee8a7bf9;
      body isolated between nav and notes; substring-verified.
  judgment: false
