Answer by Kathleen Blanchard: For a loan related product, Regulation B restricts age related terms to age 62 and over.
(o) Elderly means age 62 or older.
Answer by Randy Carey: If you are talking about using information that you have in-house, one specific target marketing mailing based on age would not be an automatic fair lending issue, if your overall marketing effort reaches all segments of your customer base. However, if you were pulling a prescreened list from a credit bureau, that is another story.
First published on BankersOnline.com 4/16/12