California Code of Regulations › Title 21 - Public Works › Division 3 - California State Transportation Agency › Chapter 4 - Regulations Pursuant to the Housing Financial Discrimination Act of 1977 › Article 4 - Application Procedures › Section 7114 - Fair Lending Notice

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) A financial
				  institution shall provide each applicant for financial assistance upon the
				  submission of a written application as completed by and submitted by the
				  applicant, and shall post in a conspicuous place, a Fair Lending Notice which
				  sets forth the prohibitions of Chapter 3 of the Act, the complaint procedures
				  set forth in Chapter 4 of the Act, and the name and address of the office(s)
				  where complaints may be filed and where questions may be asked as follows:
State-licensed Savings and Loan
					 Associations--Department of Financial Institutions
300 South Spring Street
Suite 15513
Los Angeles, CA 90013
State-chartered Banks--Department of Financial
					 Institutions
300 South Spring Street
111 Pine Street
Suite 15513
Suite 1100
Los Angeles, CA 90013
San Francisco, CA 94111
State Credit Unions and Industrial Loan
					 Companies--Department of Financial Institutions
300 South Spring Street
111 Pine Street
Suite 15513
Suite 1100
Los Angeles, CA 90013
San Francisco, CA 94111
Finance Lenders, Residential Mortgage
					 Lenders--Department of Corporations
320 West 4th Street
1390 Market Street
Suite 750
Suite 810
Los Angeles, CA 90013
San Francisco, CA 94102
Real Estate Brokers engaged in mortgage banking
					 and any public agency involved in the business of financial
					 assistance--Department of Real Estate
320 West 4th Street
1514 Clay Street, Suite 702
Los Angeles, CA 90013
Oakland, CA 94612
(b) Fair Lending Notices distributed by
				  national banks shall provide the addresses of the Department of Financial
				  Institutions indicated above, and Fair Lending Notices distributed by public
				  agencies shall provide the address of the Secretary of Business, Transportation
				  and Housing, 980 9th Street, Suite 2450, Sacramento, California, 95814. A
				  recommended Fair Lending Notice follows.
(c) As soon as possible, but not later than
				  90 days from the effective date of these regulations, financial institutions
				  shall utilize the Fair Lending Notice which follows. Until said time, financial
				  institutions may use existing Fair Lending Notices.
(d) The Fair Lending Notice must be printed
				  in not less than 10-point bold-face type.
THE HOUSING FINANCIAL DISCRIMINATION ACT OF 1977 FAIR
					 LENDING NOTICE
IT IS ILLEGAL TO DISCRIMINATE IN THE PROVISION OF OR IN THE
					 AVAILABILITY OF FINANCIAL ASSISTANCE BECAUSE OF THE CONSIDERATION OF:
1. TRENDS, CHARACTERISTICS OR CONDITIONS IN
				  THE NEIGHBORHOOD OR GEOGRAPHIC AREA SURROUNDING A HOUSING ACCOMMODATION, UNLESS
				  THE FINANCIAL INSTITUTION CAN DEMONSTRATE IN THE PARTICULAR CASE THAT SUCH
				  CONSIDERATION IS REQUIRED TO AVOID AN UNSAFE AND UNSOUND BUSINESS PRACTICE;
				  OR
2. RACE, COLOR, RELIGION, SEX,
				  MARITAL STATUS, NATIONAL ORIGIN OR ANCESTRY.
IT IS ILLEGAL TO CONSIDER THE RACIAL, ETHNIC, RELIGIOUS OR
					 NATIONAL ORIGIN COMPOSITION OF A NEIGHBORHOOD OR GEOGRAPHIC AREA SURROUNDING A
					 HOUSING ACCOMMODATION OR WHETHER OR NOT SUCH COMPOSITION IS UNDERGOING CHANGE,
					 OR IS EXPECTED TO UNDERGO CHANGE, IN APPRAISING A HOUSING ACCOMMODATION OR IN
					 DETERMINING WHETHER OR NOT, OR UNDER WHAT TERMS AND CONDITIONS, TO PROVIDE
					 FINANCIAL ASSISTANCE.
THESE PROVISIONS GOVERN FINANCIAL ASSISTANCE FOR THE
					 PURPOSE OF THE PURCHASE, CONSTRUCTION, REHABILITATION OR REFINANCING OF ONE- TO
					 FOUR-UNIT FAMILY RESIDENCES OCCUPIED BY THE OWNER AND FOR THE PURPOSE OF THE
					 HOME IMPROVEMENT OF ANY ONE- TO FOUR-UNIT FAMILY RESIDENCE.
IF YOU HAVE QUESTIONS ABOUT YOUR RIGHTS, OR IF YOU WISH TO
					 FILE A COMPLAINT, CONTACT THE MANAGEMENT OF THIS FINANCIAL INSTITUTION
					 OR:
(name and address of Secretary's
					 designee)
ACKNOWLEDGMENT OF RECEIPT
I (WE) RECEIVED A COPY OF THIS NOTICE.
___________________________
___________________________
Signature of Applicant
Date
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Signature of Applicant
Date