source:
  type: regulation
  id: reg-b-1002.1
  authority: 12 CFR §1002.1 — Authority, scope and purpose (Regulation B)
  description: 12 CFR §1002.1 — Authority, scope and purpose.
  coverage_tier: context
obligations:
- id: reg-b-1002.1-full
  canonical_id: reg-b-1002.1-full
  section: 12 CFR §1002.1 — Authority, scope and purpose
  type: reference
  tags:
  - regulator-direct
  - ecoa
  - corpus-expansion
  - tier-context
  primary_source:
    tier: 1
    authority: 12 CFR §1002.1 — Authority, scope and purpose
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1002.1
    snapshot_id: f8f6bb52ed45fd66
    fetched_at: '2026-06-17T17:54:37Z'
    content_hash: sha256:8760c10cecd7d524506da00e2dd8b444380838e581777cf9eaa457bb4fccd047
    paragraph_quote: § 1002.1 Authority, scope and purpose. (a) Authority and scope.
      This part, known as Regulation B, is issued by the Bureau of Consumer Financial
      Protection (Bureau) pursuant to title VII ( Equal Credit Opportunity Act ) of
      the Consumer Credit Protection Act , as amended ( 15 U.S.C. 1601 et seq. ).
      Except as otherwise provided herein, this subpart applies to all persons who
      are creditors, as defined in § 1002.2(l) , other than a person excluded from
      coverage of this part by section 1029 of the Consumer Financial Protection Act
      of 2010 , title X of the Dodd-Frank Wall Street Reform and Consumer Protection
      Act , Public Law 111-203 , 124 Stat. 1376 . Information collection requirements
      contained in this part have been approved by the Office of Management and Budget
      under the provisions of 44 U.S.C. 3501 et seq. and have been assigned OMB No.
      3170-0013. (b) Purpose. The purpose of this part is to promote the availability
      of credit to all creditworthy applicants without regard to race, color, religion,
      national origin, sex, marital status , or age (provided the applicant has the
      capacity to contract); to the fact that all or part of the applicant 's income
      derives from a public assistance program ; or to the fact that the applicant
      has in good faith exercised any right under the Consumer Credit Protection Act
      . The regulation prohibits creditor practices that discriminate on the basis
      of any of these factors. The regulation also requires creditors to notify applicants
      of action taken on their applications; to report credit history in the names
      of both spouses on an account ; to retain records of credit applications; to
      collect information about the applicant 's race and other personal characteristics
      in applications for certain dwelling -related loans; and to provide applicants
      with copies of appraisal reports used in connection with credit transactions.
      [ 76 FR 79445 , Dec. 21, 2011, as amended at 88 FR 35527 , May 31, 2023]
  judgment: false
