|
|
|
 |
No Loans to Non-US Citizens, Disparate Treatment?
Dan Persfull, BOL Guru
Guru Bios
Question: Is it disparate treatment to have a policy stating that the bank does not do loans for non-US citizens?
Answer: The Official Staff Interpretations to 202.6(b)(7)(2).
2. National origin — citizenship. A denial of credit on the ground that an applicant is not a United States citizen is not per se discrimination based on national origin.
HOWEVER, although the applicant could not bring a discrimination complaint under Reg B, they very well could file a complaint under the Civil Rights Act.
First published on BankersOnline.com 02/27/06
Privacy Policy Disclaimer Recommend This Site ! Contact Us
BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.
|
|
|
|
Print Friendly!
Email This Article!
Discuss NOW!