‘‘(1) PURPOSE.—The purpose of this section is 
to provide the Bureau and the public with data that 
can be used to— 
‘‘(A) help determine whether creditors are 
serving the credit-lending needs of the commu-
nities in which the creditors are located; and 
‘‘(B) assist in— 
‘‘(i) identifying possible discriminatory 
lending patterns; and 
‘‘(ii) enforcing antidiscrimination stat-
utes, including this title. 
‘‘(2) SENSE OF CONGRESS.—It is the sense of 
Congress that nothing in this section is intended to 
encourage unsound lending practices or the alloca-
tion of credit. 
‘‘(c) COLLECTION OF INFORMATION.— 
‘‘(1) IN GENERAL.—Subject to the other provi-
sions of this section, after a creditor decides whether 
to approve an application submitted by an applicant 
with respect to a covered transaction, the creditor— 
‘‘(A) shall— 
‘‘(i) request from the applicant the in-
formation described in paragraph (2) with 
respect to the applicant; 
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‘‘(ii) 
when 
collecting 
information 
under clause (i), provide a disclaimer to 
the applicant regarding— 
‘‘(I) the purposes of the collec-
tion of the information; and 
‘‘(II) the right of the applicant 
under paragraph (3); 
‘‘(iii) itemize the information with re-
spect to the application, including any in-
formation collected under clause (i), in 
order to clearly and conspicuously dis-
close— 
‘‘(I) the number of the applica-
tion and the date on which the appli-
cation was received; 
‘‘(II) the type and purpose of the 
covered transaction; 
‘‘(III) the amount of the credit or 
credit limit applied for with respect to 
the covered transaction; 
‘‘(IV) if applicable, the amount of 
the credit or credit limit approved for 
the applicant with respect to the cov-
ered transaction; 
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‘‘(V) the type of action taken 
with respect to the application, the 
date on which that action is taken, 
and, if the action taken is to reject 
the application, the reason for that re-
jection; 
‘‘(VI) the originator of the cov-
ered transaction; 
‘‘(VII) the credit score and debt 
to income ratio of the applicant; 
‘‘(VIII) if the covered transaction 
is a loan, whether or not the loan is 
amortizing; and 
‘‘(IX) any additional data that 
the Bureau determines would aid in 
fulfilling the purposes of this section; 
and 
‘‘(iv) in accordance with subsection 
(e), submit any information collected under 
clause (i) and the information itemized 
under clause (iii) to the Bureau, which 
shall— 
‘‘(I) store and maintain that in-
formation; 
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‘‘(II) make the information avail-
able online in accordance with sub-
section (e)(5); and 
‘‘(III) take the action described 
in subsection (f) with respect to the 
information; and 
‘‘(B) in carrying out subparagraph (A), 
may not include in any record the name, spe-
cific address, telephone number, electronic mail 
address, or any other personally identifiable in-
formation of the applicant. 
‘‘(2) INFORMATION DESCRIBED.—The informa-
tion described in this paragraph shall include, with 
respect to an applicant who submits an application 
to a creditor in connection with a covered trans-
action— 
‘‘(A) the age of the applicant; 
‘‘(B) the race of the applicant; 
‘‘(C) the color of the applicant; 
‘‘(D) the sex of the applicant; 
‘‘(E) the marital status of the applicant; 
‘‘(F) the sexual orientation of the appli-
cant; and 
‘‘(G) the gender identity of the applicant. 
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‘‘(3) RIGHT TO REFUSE.—An applicant with re-
spect to a covered transaction may refuse to provide 
any information requested under paragraph (1) with 
respect to the covered transaction. 
‘‘(d) NO ACCESS BY UNDERWRITERS.— 
‘‘(1) LIMITATION.—Where feasible, and subject 
to paragraph (2), no loan underwriter or other offi-
cer or employee of a creditor, or any affiliate of a 
creditor, involved in making any determination con-
cerning an application with respect to a covered 
transaction may have access to any information pro-
vided by the applicant with respect to that covered 
transaction pursuant to a request for information 
under subsection (c)(1)(A)(i) in connection with that 
application. 
‘‘(2) LIMITED
ACCESS.—If a creditor deter-
mines that a loan underwriter or other officer or em-
ployee of the creditor, or any affiliate of the creditor, 
involved in making any determination concerning an 
application with respect to a covered transaction 
should have access to any information provided by 
the applicant with respect to that covered trans-
action pursuant to a request for information under 
subsection (c)(1)(A)(i) in connection with that appli-
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cation, the creditor shall provide notice to the appli-
cant— 
‘‘(A) regarding the access of the under-
writer to that information; and 
‘‘(B) that the creditor may not discrimi-
nate on the basis of that information. 
‘‘(e) PROHIBITION ON SHARING INFORMATION WITH 
THIRD PARTIES.— 
‘‘(1) IN GENERAL.—Other than disclosures to 
the Bureau required by subsection (f), creditors may 
not share, exchange, transfer, sell, lease, rent, pro-
vide, disclose, or otherwise permit access to any 
third party the information provided by applicants 
pursuant to a request for information under sub-
section (c)(1)(A)(i). 
‘‘(2) THIRD
PARTY.—The term ‘third party’ 
means any person, partnership, or corporation that 
is not— 
‘‘(A) the person, partnership, or corpora-
tion that is sharing the information; and 
‘‘(B) solely performing an outsourced func-
tion of the creditor if the person, partnership, 
or corporation is contractually or legally prohib-
ited from using, storing, or sharing the personal 
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information 
after 
the 
conclusion 
of 
the 
outsourced function. 
‘‘(f) DISCLOSURE OF INFORMATION TO BUREAU.— 
‘‘(1) IN GENERAL.—Not later than March 1 of 
the year after a covered year for a creditor, the cred-
itor shall submit to the Bureau all of the informa-
tion that the creditor collected under clause (i) of 
subsection (c)(1)(A) and itemized under clause (iii) 
of that subsection during that covered year. 
‘‘(2) INFORMATION RETAINED.—Each creditor 
that submits information to the Bureau under para-
graph (1) shall retain a copy of that information in 
the records of the creditor for not less than 3 years 
after the date on which the creditor submits the in-
formation. 
‘‘(3) PROHIBITION.—A creditor that collects in-
formation under subsection (c)(1)(A) may not— 
‘‘(A) share, exchange, transfer, sell, dis-
close, or otherwise permit access to that infor-
mation except as provided in this subsection; or 
‘‘(B) use that information for any purpose, 
including for a purpose relating to marketing, 
except as provided in this subsection. 
‘‘(4) DISCLOSURE
STATEMENT.—The Bureau 
shall make available a disclosure statement based on 
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the information that each creditor submits for a cov-
ered year under paragraph (1), which— 
‘‘(A) shall include— 
‘‘(i) the number of applications for 
covered transactions that the creditor re-
ceived and approved during that covered 
year; and 
‘‘(ii) the zip code and State of resi-
dence for each applicant with respect to an 
application for a covered transaction re-
ceived by the creditor during that covered 
year; and 
‘‘(B) may not include any information de-
scribed in subsection (c)(1)(B). 
‘‘(5) 
ONLINE
DISCLOSURE.—The 
Bureau 
shall— 
‘‘(A) post a general notice regarding the 
availability of the information received by the 
Bureau under paragraph (1); 
‘‘(B) in the notice posted under subpara-
graph (A), clearly convey that the information 
described in that subparagraph is available on 
the website of the Bureau; and 
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‘‘(C) when making the information received 
under paragraph (1) available on the website of 
the Bureau, ensure that— 
‘‘(i) the information is easy for mem-
bers of the public to access and under-
stand; and 
‘‘(ii) accessing and reading the infor-
mation does not require the use of any ad-
vanced computer program or software. 
‘‘(g) BUREAU ACTION.— 
‘‘(1) ENSURING NO DISCRIMINATION.— 
‘‘(A) IN GENERAL.—The Bureau shall ex-
amine the information submitted to the Bureau 
under subsection (e) or subparagraph (B), as 
applicable, to ensure that— 
‘‘(i) each creditor makes a decision re-
garding whether to approve an application 
for a covered transaction based on the in-
ternal requirements and policies of the 
creditor with respect to the extension of 
credit; and 
‘‘(ii) no creditor with respect to a cov-
ered transaction discriminates against an 
applicant with respect to that covered 
transaction on the basis of any char-
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acteristic of the applicant described in sub-
section (c)(2). 
‘‘(B) INFORMATION FROM OTHER GOVERN-
MENT ENTITIES.—For the purposes of subpara-
graph (A), the Bureau may rely on information 
that is collected by another Federal, State, or 
local government agency and submitted to the 
Bureau if the Director of the Bureau deter-
mines that— 
‘‘(i) relying on that information pro-
motes transparency; and 
‘‘(ii) the information collected by that 
other agency is substantially similar to the 
information that is submitted to the Bu-
reau under subsection (e). 
‘‘(2) ENFORCEMENT.— 
‘‘(A) IN GENERAL.—The Bureau may take 
such action as the Bureau determines to be 
necessary or appropriate to carry out paragraph 
(1)(A), including by— 
‘‘(i) imposing a civil penalty in an 
amount described in section 706(b) against 
a creditor that violates that paragraph; 
and 
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‘‘(ii) as appropriate, referring a mat-
ter to the Attorney General. 
‘‘(B) RULES OF CONSTRUCTION REGARD-
ING BONA FIDE ERRORS.— 
‘‘(i) UNINTENTIONAL
ERRORS.—An 
error by a creditor in compiling or record-
ing information, including an incorrect 
entry for a census tract number, may not 
be construed as a violation of this section 
if the error is unintentional and occurs de-
spite the maintenance of procedures by the 
creditor that are reasonably adapted to 
avoid those errors. 
‘‘(ii) INACCURATE
OR
INCOMPLETE 
INFORMATION.—If a creditor, not later 
than 30 days after the end of each cal-
endar quarter, makes a good faith effort to 
record all information required to be col-
lected under clause (i) of subsection 
(c)(1)(A) and itemized under clause (iii) of 
that subsection during that quarter and 
some of that information is nevertheless in-
accurate or incomplete, the error or omis-
sion, as applicable, may not be construed 
to violate this section if the creditor cor-
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rects or completes the information before 
submitting the information to the Bureau 
under subsection (e). 
‘‘(h) REPORTING REQUIREMENT.—Not later than 1 
year after the date of enactment of this section, and annu-
ally thereafter, the Bureau shall submit to Congress a re-
port regarding the efforts of the Bureau in carrying out 
this section.’’. 
(b) TECHNICAL AND CONFORMING AMENDMENT.— 
The table of contents for the Equal Credit Opportunity 
Act (15 U.S.C. 1691 et seq.) is amended by inserting after 
the item relating to section 704B (15 U.S.C. 1691c–2) 
the following: 
‘‘704C. Collection of demographic information.’’. 
Æ 
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