[Federal Register Volume 68, Number 176 (Thursday, September 11, 2003)]
[Rules and Regulations]
[Pages 53491-53496]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-23175]


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FEDERAL RESERVE SYSTEM

12 CFR Part 202

[Regulation B; Docket No. R-1008]


Equal Credit Opportunity

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Technical amendment.

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SUMMARY: The Board is publishing a technical amendment to Regulation B 
(Equal Credit Opportunity). The amendment updates the model application 
form ``Uniform Residential Loan Application'' (Freddie Mac 65/Fannie 
Mae 1003) in Appendix B of the regulation.

DATES: The amendment is effective January 1, 2004.

FOR FURTHER INFORMATION CONTACT: Minh-Duc T. Le, Attorney, Division of 
Consumer and Community Affairs, Board of Governors of the Federal 
Reserve System, Washington, DC 20551, at (202) 452-3667 or (202) 452-
2412. For users of Telecommunications Device for the Deaf (TDD) only, 
contact (202) 263-4869.

SUPPLEMENTARY INFORMATION:

I. Background

    The Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691-1691f, 
makes it unlawful for a creditor to discriminate against an applicant 
in any aspect of a credit transaction on the basis of the applicant's 
national origin, marital status, religion, sex, color, race, age 
(provided the applicant has the capacity to contract), receipt of 
public assistance benefits, or the good faith exercise of a right under 
the Consumer Credit Protection Act (15 U.S.C. 1601 et. seq.). The ECOA 
is implemented by the Board's Regulation B.
    On March 5, 2003, the Board published a final rule amending 
Regulation B (68 FR 13144) after a comprehensive review of the 
regulation. Appendix B contains model application forms, including 
joint Freddie Mac/Fannie Mae ``Uniform Residential Loan Application'' 
(Form 65/1003) for use in certain residential mortgage transactions. At 
the time the final rule was issued, Freddie Mac and Fannie Mae were in 
the process of revising Form 65/1003. This technical amendment to 
Regulation B replaces the prior version of Form 65/1003 with the new 
form that Freddie Mac/Fannie Mae have adopted. Creditors should 
continue to use the current model form until January 1, 2004.

List of Subjects in 12 CFR Part 202

    Banks, Banking, Credit, Federal Reserve System, Mortgages.

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For the reasons set forth in the preamble, the Board amends 12 CFR Part 
202 as follows:

PART 202--EQUAL CREDIT OPPORTUNITY ACT (REGULATION B)

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1. The authority citation for part 202 continues to read as follows:

    Authority: 15 U.S.C. 1691-1891f.

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2. Appendix B is amended by removing the joint Freddie Mac/Fannie Mae 
``Uniform Residential Loan Application'' (Form 65/1003) dated 10/92 and 
adding the joint Freddie Mac/Fannie Mae ``Uniform Residential Loan 
Application'' (Form 65/1003) dated 01/04 in its place.

APPENDIX B TO PART 202--MODEL APPLICATION FORMS

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    By order of the Board of Governors of the Federal Reserve System, 
acting through the Director of the Division of Consumer and Community 
Affairs under delegated authority, September 5, 2003.

Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 03-23175 Filed 9-10-03; 8:45 am]
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