§674.20. Compliance with equal credit opportunity requirements.
34 C.F.R. § 674.20
In making a loan, an institution shall comply with the equal credit opportunity requirements of Regulation B (12 CFR part 202).
The Secretary considers the Federal Perkins Loan program to be a credit assistance program authorized by Federal law for the benefit of an economically disadvantaged class of persons within the meaning of 12 CFR 202.8(a)(1). Therefore, the institution may request a loan applicant to disclose his or her marital status, income from alimony, child support, and spouse's income and signature.
Notes, amendments, and revision history
Amendments
[52 FR 45747, Dec. 1, 1987, as amended at 53 FR 49147, Dec. 6, 1988; 59 FR 61415, Nov. 30, 1994; 64 FR 58315, Oct. 28, 1999]
Source
Source: 52 FR 45747, Dec. 1, 1987, unless otherwise noted.
Authority
Authority: 20 U.S.C. 1071—1087ii; 1087dd(h)(1)(D).
Amendments
[52 FR 45747, Dec. 1, 1987, as amended at 53 FR 49147, Dec. 6, 1988; 59 FR 61415, Nov. 30, 1994; 64 FR 58315, Oct. 28, 1999]