Search::

Applicant Information

Race

Under Regulation C, race and ethnicity are collected as separate data fields in accordance with OMB standards. In collection of this information, applicants are allowed to choose multiple race designations. These designations include American Indian or Alaska Native, Asian, Native Hawaiian, or Other Pacific Islander and White.

REPORTING OF RACE INFORMATION ON THE HMDA LAR

See the “race” field on the HMDA LAR and the codes for completing this field.

Loan applicants must be provided the standard disclosure about the reasons for collection of data on race.

You may list questions regarding the ethnicity, race and sex of the applicant on your loan application form or on a separate form that refers to the application. Appendix B of Regulation C provides a sample form that may be used for data collection.

It may be helpful to review the OMB definitions of the race categories for guidance. For reporting purposes, enter the appropriate code(s) for this field:

Code 1 – “American Indian or Alaskan Native”
A person having origins in any of the original peoples of North or South America (including Central America) and who maintains tribal affiliation or community attachment.

Code 2 – “Asian”
A person having origins in any of the original peoples of the Far East, Southeast Asia, or the Indian subcontinent. Places of origin include Cambodia, China, India, Japan, Korea, Malaysia, Pakistan, the Philippine Islands, Thailand, and Vietnam.

Code 3 – “Black or African American”
A person having origins in any of the black racial groups of Africa.

Code 4 – “Native Hawaiian or Other Pacific Islander”
A person having origins in any of the original peoples of Hawaii, Guam, Samoa, or other Pacific Islands.

Code 5 – “White”
A person having origins in any of the original peoples of Europe, the Middle East, or North Africa.

Code 6 – “Information not provided by applicant in mail, Internet or telephone application”
Use this code if the applicant does not provide his or her race in an application taken by mail, by telephone, or over the Internet.

Code 7 – “Not applicable”
Use this code only when the applicant or co-applicant is not a natural person or when applicant or co-applicant information is unavailable because the loan has been purchased by your institution.

Code 8 – “No co-applicant”
Use this code in the co-applicant column if there are no co-applicants or co-borrowers.

Disclaimer | Privacy Policy