§ 7105. Nondiscrimination in Lending.
21 CA ADC § 7105Barclays Official California Code of Regulations
21 CCR § 7105
§ 7105. Nondiscrimination in Lending.
(B) The location of the housing accommodation in a neighborhood or geographic area including such areas which the financial institution has previously assumed are declining unless the financial institution can demonstrate that such consideration in a particular case is required to avoid an unsafe and unsound business practice;
(C) The location of the housing accommodation on or near land zoned industrial or commercial or located on or near land zoned for other non-conforming uses unless the financial institution can demonstrate that such consideration in a particular case is required to avoid an unsafe and unsound business practice; and
(b) No financial institution shall use or engage in a lending or underwriting policy or in a marketing system which has a discriminatory effect on the basis of race, religion, sex, marital status, national origin, or ancestral group unless the financial institution can demonstrate that such system, policy or practice is required to achieve a legitimate business purpose.
(c) Nothing in these regulations shall require a financial institution which is subject to laws regarding usury to make a conventional mortgage loan or consider an application for a conventional mortgage loan during periods when market interest rates for conventional mortgage loans are in excess of the maximum rate of interest permitted by Article XV of the California Constitution.
Credits
Note: Authority cited: Section 35814, Health and Safety Code. Reference: Sections 35810-35815, Health and Safety Code.
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 21, § 7105, 21 CA ADC § 7105
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