source:
  type: regulation
  id: reg-b-1002.3
  authority: 12 CFR §1002.3 — Limited exceptions for certain classes of transactions
    (Regulation B)
  description: 12 CFR §1002.3 — Limited exceptions for certain classes of transactions.
  coverage_tier: operative
obligations:
- id: reg-b-1002.3-full
  canonical_id: reg-b-1002.3-full
  section: 12 CFR §1002.3 — Limited exceptions for certain classes of transactions
  type: do
  tags:
  - regulator-direct
  - ecoa
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: 12 CFR §1002.3 — Limited exceptions for certain classes of transactions
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1002.3
    snapshot_id: 2caef0f5bf9bf7bb
    fetched_at: '2026-06-17T17:54:38Z'
    content_hash: sha256:dc37be6077cb1a8db20423e317250ada52476e9c2cd534ebb206a8ab83d5a82a
    paragraph_quote: '§ 1002.3 Limited exceptions for certain classes of transactions.
      (a) Public utilities credit —(1) Definition. Public utilities credit refers
      to extensions of credit that involve public utility services provided through
      pipe, wire, or other connected facilities, or radio or similar transmission
      (including extensions of such facilities), if the charges for service, delayed
      payment, and any discount for prompt payment are filed with or regulated by
      a government unit. (2) Exceptions. The following provisions of this part do
      not apply to public utilities credit: (i) Section 1002.5(d)(1) concerning information
      about marital status ; and (ii) Section 1002.12(b) relating to record retention.
      (b) Securities credit (1) Definition. Securities credit refers to extensions
      of credit subject to regulation under section 7 of the Securities Exchange Act
      of 1934 or extensions of credit by a broker or dealer subject to regulation
      as a broker or dealer under the Securities Exchange Act of 1934 . (2) Exceptions.
      The following provisions of this part do not apply to securities credit: (i)
      Section 1002.5(b) concerning information about the sex of an applicant ; (ii)
      Section 1002.5(c) concerning information about a spouse or former spouse; (iii)
      Section 1002.5(d)(1) concerning information about marital status ; (iv) Section
      1002.7(b) relating to designation of name to the extent necessary to comply
      with rules regarding an account in which a broker or dealer has an interest,
      or rules regarding the aggregation of accounts of spouses to determine controlling
      interests, beneficial interests, beneficial ownership, or purchase limitations
      and restrictions; (v) Section 1002.7(c) relating to action concerning open-end
      accounts, to the extent the action taken is on the basis of a change of name
      or marital status ; (vi) Section 1002.7(d) relating to the signature of a spouse
      or other person ; (vii) Section 1002.10 relating to furnishing of credit information;
      and (viii) Section 1002.12(b) relating to record retention. (c) Incidental credit
      (1) Definition. Incidental credit refers to extensions of consumer credit other
      than the types described in paragraphs (a) and (b) of this section: (i) That
      are not made pursuant to the terms of a credit card account ; (ii) That are
      not subject to a finance charge (as defined in Regulation Z, 12 CFR 1026.4 );
      and (iii) That are not payable by agreement in more than four installments.
      (2) Exceptions. The following provisions of this part do not apply to incidental
      credit: (i) Section 1002.5(b) concerning information about the sex of an applicant
      , but only to the extent necessary for medical records or similar purposes;
      (ii) Section 1002.5(c) concerning information about a spouse or former spouse;
      (iii) Section 1002.5(d)(1) concerning information about marital status ; (iv)
      Section 1002.5(d)(2) concerning information about income derived from alimony,
      child support, or separate maintenance payments; (v) Section 1002.7(d) relating
      to the signature of a spouse or other person ; (vi) Section 1002.9 relating
      to notifications; (vii) Section 1002.10 relating to furnishing of credit information;
      and (viii) Section 1002.12(b) relating to record retention. (d) Government credit
      —(1) Definition. Government credit refers to extensions of credit made to governments
      or governmental subdivisions, agencies, or instrumentalities. (2) Applicability
      of regulation. Except for § 1002.4(a) , the general rule against discrimination
      on a prohibited basis , the requirements of this part do not apply to government
      credit . Securities Exchange Act of 1934'
  judgment: false
