Certified Regulatory Compliance Manager (CRCM) — Question 73

Requirements""12 CFR 202.2, 202.4, 202.5, 202.6, and 202.13 say that a creditor may not request information about an application's race, color, religion, national origin, or gender except as specifically permitted by ____________or another statute such as the Home Mortgage Disclosure Act.

Answer options

• A. Regulation B
• B. Regulation U
• C. Regulation Z
• D. Regulation A

Correct answer: A

Explanation

The correct answer is Regulation B, which governs equal credit opportunity and outlines the circumstances under which a creditor may inquire about certain personal characteristics. The other options, Regulation U, Regulation Z, and Regulation A, relate to different aspects of financial regulations and do not address the restrictions on requesting demographic information.