Source: https://www.law.cornell.edu/uscode/text/12/2803
Timestamp: 2019-04-23 02:36:03+00:00

Document:
Each depository institution which has a home office or branch office located within a primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas, as defined by the Department of Commerce shall compile and make available, in accordance with regulations of the Bureau, to the public for inspection and copying at the home office, and at least one branch office within each primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas in which the depository institution has an office the number and total dollar amount of mortgage loans which were (A) originated (or for which the institution received completed applications), or (B) purchased by that institution during each fiscal year (beginning with the last full fiscal year of that institution which immediately preceded the effective date of this chapter).
The number and dollar amount for each item referred to in paragraph (1), by census tracts for mortgage loans secured by property located within any county with a population of more than 30,000, within that primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas, otherwise, by county, for mortgage loans secured by property located within any other county within that primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas.
The number and dollar amount for each item referred to in paragraph (1) for all such mortgage loans which are secured by property located outside that primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas.
For the purpose of this paragraph, a depository institution which maintains offices in more than one primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas shall be required to make the information required by this paragraph available at any such office only to the extent that such information relates to mortgage loans which were originated or purchased (or for which completed applications were received) by an office of that depository institution located in the primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas in which the office making such information available is located. For purposes of this paragraph, other lending institutions shall be deemed to have a home office or branch office within a primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas if such institutions have originated or purchased or received completed applications for at least 5 mortgage loans in such area in the preceding calendar year.
such other information as the Bureau may require.
Any information required to be compiled and made available under this section, other than loan application register information under subsection (j), shall be maintained and made available for a period of five years after the close of the first year during which such information is required to be maintained and made available.
Notwithstanding the provisions of subsection (a)(1), data required to be disclosed under this section for 1980 and thereafter shall be disclosed for each calendar year. Any depository institution which is required to make disclosures under this section but which has been making disclosures on some basis other than a calendar year basis shall make available a separate disclosure statement containing data for any period prior to calendar year 1980 which is not covered by the last full year report prior to the 1980 calendar year report.
Subject to subsection (h), the Bureau shall prescribe a standard format for the disclosures required under this section.
(f) Data disclosure system; operation, etc.
The FederalFinancial Institutions Examination Council, in consultation with the Secretary, shall implement a system to facilitate access to data required to be disclosed under this section. Such system shall include arrangements for a central depository of data in each primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas. Disclosure statements shall be made available to the public for inspection and copying at such central depository of data for all depository institutions which are required to disclose information under this section (or which are exempted pursuant to section 2805(b) of this title) and which have a home office or branch office within such primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas.
approved (or for which completed applications are received) by the Secretary for insurance under title I or II of the National Housing Act [12 U.S.C. 1702 et seq., 1707 et seq.].
modify or require modification of itemized information, for the purpose of protecting the privacy interests of the mortgage applicants or mortgagors, that is or will be available to the public.
the Secretary of Housing and Urban Development with respect to other lending institutions not regulated by the agencies referred to in subparagraph (A) or (B).
age or any other category of data described in paragraph (5) or (6) of subsection (b), as the Bureau determines to be necessary to satisfy the purpose described in paragraph (1)(E), and in a manner consistent with that purpose.
The Bureau shall prescribe standards for any modification under paragraph (1)(E) to effectuate the purposes of this chapter, in light of the privacy interests of mortgage applicants or mortgagors. Where necessary to protect the privacy interests of mortgage applicants or mortgagors, the Bureau shall provide for the disclosure of information described in subparagraph (A) in aggregate or other reasonably modified form, in order to effectuate the purposes of this chapter.
With respect to an insured depository institution or insured credit union, the requirements of paragraphs (5) and (6) of subsection (b) shall not apply with respect to closed-end mortgage loans if the insured depository institution or insured credit union originated fewer than 500 closed-end mortgage loans in each of the 2 preceding calendar years.
With respect to an insured depository institution or insured credit union, the requirements of paragraphs (5) and (6) of subsection (b) shall not apply with respect to open-end lines of credit if the insured depository institution or insured credit union originated fewer than 500 open-end lines of credit in each of the 2 preceding calendar years.
Notwithstanding paragraphs (1) and (2), an insured depository institution shall comply with paragraphs (5) and (6) of subsection (b) if the insured depository institution has received a rating of “needs to improve record of meeting community credit needs” during each of its 2 most recent examinations or a rating of “substantial noncompliance in meeting community credit needs” on its most recent examination under section 2906(b)(2) of this title.
The requirements of subsections (b)(4), (b)(5), and (b)(6) shall not apply with respect to any depository institution described in section 2802(3)(A) of this title which has total assets, as of the most recent full fiscal year of such institution, of $30,000,000 or less.
In addition to the information required to be disclosed under subsections (a) and (b), any depository institution which is required to make disclosures under this section shall make available to the public, upon request, loan application register information (as defined by the Bureau by regulation) in the form required under regulations prescribed by the Bureau.
a depository institution from liability under any Federal or State privacy law.
in the case of a request made after March 1 of the succeeding year, before the end of the 30-day period beginning on the date the request is made.
Notwithstanding subsection (c), the loan application register information described in paragraph (1) for any year shall be maintained and made available, upon request, for 3 years after the close of the 1st year during which such information is required to be maintained and made available.
may make such statement available on a floppy disc which may be used with a personal computer or in any other media which is not prohibited under regulations prescribed by the Bureau.
Any disclosure of information pursuant to this section or section 2809 of this title shall be made as promptly as possible.
section 2809 of this title shall be made available to the public before December 1 of the succeeding year.
to make information required to be disclosed under section 2809 of this title available to the public before September 1 of the succeeding year.
The FederalFinancial Institutions Examination Council shall make such changes in the system established pursuant to subsection (f) as may be necessary to carry out the requirements of this subsection.
A depository institution shall be deemed to have satisfied the public availability requirements of subsection (a) if the institution compiles the information required under that subsection at the home office of the institution and provides notice at the branch locations specified in subsection (a) that such information is available from the home office of the institution upon written request.
Not later than 15 days after the receipt of a written request for any information required to be compiled under subsection (a), the homeoffice of the depository institution receiving the request shall provide the information pertinent to the location of the branch in question to the person requesting the information.
In complying with paragraph (1), a depository institution shall provide the person requesting the information with a copy of the information requested in such formats as the Bureau may require.
The data required to be disclosed under subsection (b) shall be submitted to the Bureau or to the appropriate agency for any institution reporting under this chapter, in accordance with regulations prescribed by the Bureau. Institutions shall not be required to report new data under paragraph (5) or (6) of subsection (b) before the first January 1 that occurs after the end of the 9-month period beginning on the date on which regulations are issued by the Bureau in final form with respect to such disclosures.
the term “insured depository institution” has the meaning given the term in section 1813 of this title.
For the effective date of this chapter, referred to in subsec. (a)(1), see section 2808 of this title.
The National Housing Act, referred to in subsecs. (b)(1) and (g)(1), is act June 27, 1934, ch. 847, 48 Stat. 1246. Titles I and II of the National Housing Act are classified generally to subchapters I (§ 1702 et seq.) and II (§ 1707 et seq.), respectively, of chapter 13 of this title. For complete classification of this Act to the Code, see section 1701 of this title and Tables.
The Housing Act of 1949, referred to in subsec. (b)(1), is act July 15, 1949, ch. 338, 63 Stat. 413. Title V of the Housing Act of 1949 is classified generally to subchapter III (§ 1471 et seq.) of chapter 8A of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 1441 of Title 42 and Tables.
Section 2802(2)(A) of this title, referred to in subsec. (h)(2)(B), was redesignated section 2802(3)(A) of this title by Pub. L. 111–203, title X, § 1094(2)(A), July 21, 2010, 124 Stat. 2097.
2018—Subsec. (i). Pub. L. 115–174, § 104(a)(2), added subsec. (i), consisting of pars. (1) to (3), before par. (3) relating to exemption from certain disclosure requirements, which was formerly designated subsec. (i).
Subsec. (i)(3). Pub. L. 115–174, § 104(a)(1), (c), redesignated subsec. (i) as par. (3) relating to exemption from certain disclosure requirements, realigned margins, and substituted “2802(3)(A) of this title” for “2802(2)(A) of this title”.
Subsec. (o). Pub. L. 115–174, § 104(a)(3), added subsec. (o).
Subsec. (a)(1). Pub. L. 111–203, § 1094(1), substituted “Bureau” for “Board”.
Subsec. (b)(4). Pub. L. 111–203, § 1094(3)(A)(i), inserted “age,” before “and gender”.
Subsec. (b)(5), (6). Pub. L. 111–203, § 1094(3)(A)(ii)–(iv), added pars. (5) and (6).
Subsec. (e). Pub. L. 111–203, § 1094(1), substituted “Bureau” for “Board”.
Subsec. (h). Pub. L. 111–203, § 1094(3)(B), added subsec. (h) and struck out former subsec. (h) which related to submission to agencies.
Subsec. (i). Pub. L. 111–203, § 1094(3)(C), substituted “subsections (b)(4), (b)(5), and (b)(6)” for “subsection (b)(4)”.
Subsec. (j)(1). Pub. L. 111–203, § 1094(1), substituted “Bureau” for “Board” in two places.
Subsec. (j)(2)(A). Pub. L. 111–203, § 1094(3)(D)(ii), substituted “in such formats as the Bureau may require” for “in the format in which such information is maintained by the institution”.
Subsec. (j)(2)(B). Pub. L. 111–203, § 1094(1), substituted “Bureau” for “Board” in two places.
Subsecs. (j)(7), (k)(1), (l)(2)(A). Pub. L. 111–203, § 1094(1), substituted “Bureau” for “Board” wherever appearing.
Subsec. (n). Pub. L. 111–203, § 1094(3)(F), added subsec. (n).
1996—Subsec. (m). Pub. L. 104–208 added subsec. (m).
1992—Subsec. (c). Pub. L. 102–550, § 932(b), inserted “, other than loan application register information under subsection (j),” after “under this section”.
Subsecs. (j) to (l). Pub. L. 102–550, § 932(a), added subsecs. (j) to (l).
1991—Subsec. (h)(1). Pub. L. 102–242, § 212(a)(1)(A), added par. (1) and struck out former par. (1) which read as follows: “the Comptroller of the Currency for national banks;”.
Subsec. (h)(3). Pub. L. 102–242, § 212(a)(1)(B), added par. (3) and struck out former par. (3) which read as follows: “the Federal Deposit Insurance Corporation for banks insured by the Federal Deposit Insurance Corporation (other than members of the Federal Reserve System), mutual savings banks, and any other depository institution described in section 2802(2)(A) of this title which is not otherwise referred to in this paragraph;”.
1989—Subsec. (a)(1). Pub. L. 101–73, § 1211(c)(1), inserted “(or for which the institution received completed applications)” after “originated”.
Subsec. (a)(2). Pub. L. 101–73, § 1211(c)(2)(A), inserted “(or for which completed applications were received)” after “originated or purchased” in last sentence.
Subsec. (b)(4). Pub. L. 101–73, § 1211(a), added par. (4).
Subsec. (e). Pub. L. 101–73, § 1211(i), substituted “Subject to subsection (h), the Board” for “The Board”.
Subsec. (g)(1). Pub. L. 101–73, § 1211(c)(2)(B), inserted “(or for which completed applications are received)” after “made”.
Subsec. (g)(2). Pub. L. 101–73, § 1211(c)(2)(C), inserted “(or for which completed applications are received)” after “approved”.
Subsec. (h). Pub. L. 101–73, § 1211(b), added subsec. (h).
Subsec. (i). Pub. L. 101–73, § 1211(j), added subsec. (i).
1988—Subsec. (a)(1). Pub. L. 100–242, § 570(h), substituted “at least one branch” for “at at least one branch”.
Subsec. (g). Pub. L. 100–242, § 565(a)(2), added subsec. (g).
1983—Subsecs. (a), (f). Pub. L. 98–181 substituted “primary metropolitan statistical area, metropolitan statistical area, or consolidated metropolitan statistical area that is not comprised of designated primary metropolitan statistical areas” for “standard metropolitan statistical area” wherever appearing.
1980—Subsec. (a)(1). Pub. L. 96–399, § 340(a)(1), substituted “Department of Commerce” for “Office of Management and Budget”.
Subsec. (a)(2)(A). Pub. L. 96–399, § 340(a)(2), revised applicable factors so as to include mortgage loans in a census tract, or by a county, and exclude readily available and reasonably costing census tracts, or by ZIP code.
Subsecs. (d) to (f). Pub. L. 96–399, § 340(a)(3), added subsecs. (d) to (f).
Amendment by section 565(a)(2) of Pub. L. 100–242 applicable to the portion of calendar year 1988 that begins Aug. 19, 1988, and to each calendar year beginning after Dec. 31, 1988, see section 565(a)(4) of Pub. L. 100–242, set out as a note under section 2802 of this title.
Evaluation of status and effectiveness of data collection and analysis systems involving fair lending, etc., and report thereof, see section 340(e) of Pub. L. 96–399, set out as a note under section 3305 of this title.

References: § 1094
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 § 932
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 § 212
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 § 1211
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 § 570
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 § 340
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