The term creditor includes a creditor's assignee, transferee, or subrogee who so participates. (g) means a person who, in the ordinary course of business, regularly participates in a credit decision, including setting the terms of the credit. The term application does not include the use of an account or line of credit to obtain an amount of credit that is within a previously established credit limit.
(d) A creditor shall not make any oral or written statement, in advertising or otherwise, to applicants or prospective applicants that would discourage on a prohibited basis a reasonable person from making or pursuing an application. Where the disclosures under §§ 1002.5(b)(1), 1002.5(b)(2), 1002.5(d)(1), 1002.5(d)(2), 1002.13, and 1002.14(a)(2) accompany an application accessed by the applicant in electronic form, these disclosures may be provided to the applicant in electronic form on or with the application form, without regard to the consumer consent or other provisions of the E-Sign Act. Except as provided in paragraphs (b) through (d) of this section, a creditor may request any information in connection with a credit transaction. For purposes of § 1002.7(d), the term includes guarantors, sureties, endorsers, and similar parties. 21, 2011, effective December 30, 2011 unless otherwise noted. (a) This part, known as Regulation B, is issued by the Bureau of Consumer Financial Protection (Bureau) pursuant to Title VII (Equal Credit Opportunity Act) of the Consumer Credit Protection Act, as amended (15 U. (d) means any person who requests or who has received an extension of credit from a creditor, and includes any person who is or may become contractually liable regarding an extension of credit.A system that fails this validity test is no longer an empirically derived, demonstrably and statistically sound, credit scoring system for that creditor.(q) mean the granting of credit in any form (including, but not limited to, credit granted in addition to any existing credit or credit limit; credit granted pursuant to an open-end credit plan; the refinancing or other renewal of credit, including the issuance of a new credit card in place of an expiring credit card or in substitution for an existing credit card; the consolidation of two or more obligations; or the continuance of existing credit without any special effort to collect at or after maturity).