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Requirements---12 CFR 202.2, 202.4, 202.5, 202.6, and 202.13 say that a creditor may not request information about an application's race, color, religion, national origin, or gender except as specifically permitted by ____________or another statute such as the Home Mortgage Disclosure Act.
Suggested Answer: B
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40 comments · newest first
MA
Marsha
11 months ago
I had no idea about this! Regulation B? Interesting!
LA
Lazaro
11 months ago
Wait, are we sure it's not Regulation U? Seems off.
NI
Nicolette
12 months ago
I thought it was Regulation Z at first, but B makes sense.
PE
Pete
12 months ago
Totally agree, Regulation B is the right answer!
FR
France
12 months ago
It's Regulation B that covers this.
MI
Michael
1 year ago
I definitely remember that Regulation B is related to this topic. It’s the one that restricts asking about race and gender, right?
LA
Lashawna
1 year ago
Regulation U sounds familiar, but I can't quite place it in this context. I feel like I might be mixing it up with something else.
YO
Youlanda
1 year ago
I recall studying about the different regulations, and I think Regulation B is the one that deals with discrimination in lending.
LE
Lenna
1 year ago
I think the answer might be Regulation B, but I'm not completely sure. I remember it has to do with equal credit opportunity.
KA
Kathrine
1 year ago
Opportunity cost is the key concept here. I'll make sure I understand that well for the exam.
KI
Kirk
1 year ago
I'm leaning towards option B, the project plan. That seems like the foundational document the project manager should provide to set the team up for success.
TI
Tien
1 year ago
Okay, I think I have a strategy here. I'll look into using the tf.data.Dataset.prefetch transformation to load the data efficiently.
AV
Avery
1 year ago
Regulation B, no doubt. Can't have the bank prying into our religious affiliations or favorite color. That's just common sense.
DU
Dulce
1 year ago
That's right, Regulation B is the correct answer to this question.
FA
Fausto
1 year ago
A) Regulation B
TE
Terrilyn
1 year ago
No, Regulation Z deals with Truth in Lending disclosures, not the prohibition of requesting personal information like race or religion.
MA
Maybelle
1 year ago
C) Regulation Z
AS
Ashley
1 year ago
Exactly, Regulation B prohibits creditors from requesting certain personal information during the application process.
YO
Yolande
1 year ago
A) Regulation B
QU
Quentin
1 year ago
Wait, is this a trick question? I bet the answer is Regulation B, because who wants the government knowing all our personal details, am I right?
DI
Dierdre
1 year ago
Yes, Regulation B is the correct answer in this case.
LA
Lashawn
1 year ago
A) Regulation B
GL
Glory
1 year ago
Actually, Regulation Z deals with truth in lending disclosures, not the collection of personal information.
MA
Mari
1 year ago
C) Regulation Z
GE
Germaine
1 year ago
That's correct! Regulation B specifically permits creditors to collect certain information for monitoring purposes.
IZ
Izetta
1 year ago
A) Regulation B
CA
Carylon
1 year ago
Hmm, let me think... Ah, got it! Regulation B is the one that governs this kind of information disclosure. Nailed it!
RU
Rutha
1 year ago
Actually, it's Regulation B that specifically permits the collection of certain applicant information.
SH
Sherrell
1 year ago
C) Regulation Z
GA
Gail
1 year ago
That's correct! Regulation B is the one that governs this type of information disclosure.
MA
Maryann
1 year ago
A) Regulation B
FE
Felix
1 year ago
Ugh, I always get these fair lending regulations mixed up. But Regulation B is the clear winner here - can't go wrong with the big B!
TO
Tom
1 year ago
I love these tricky regulatory questions. Gotta stay on top of those CFR sections, am I right? Regulation B is the one that's got our backs on this one.
RI
Ria
1 year ago
C) Regulation Z
AN
Anastacia
1 year ago
That's right! Regulation B is the one that allows creditors to request certain information about an applicant's race, color, religion, national origin, or gender.
JO
Jolene
1 year ago
A) Regulation B
CA
Carlee
1 year ago
Ah, the delicate balance of privacy and transparency in lending practices. Regulation B is definitely the answer here - it's the one that sets the rules for fair lending.
KI
Kimbery
1 year ago
I agree with Matthew, Regulation B prohibits creditors from discriminating against applicants based on race, color, religion, national origin, or gender.
MA
Matthew
2 years ago
I think it's A) Regulation B because Regulation B deals with equal credit opportunity.
TO
Tomoko
2 years ago
A) Regulation B