# 12 CFR § 338.5: Purpose

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-338.5

## Section

- **Citation:** 12 CFR § 338.5
- **Heading:** Purpose
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION > SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY > PART 338—FAIR HOUSING > Subpart B—Recordkeeping

## Text

The purpose of this subpart is two-fold. First, this subpart notifies all FDIC-supervised institutions of their duty to collect and retain certain information about a home loan applicant's personal characteristics in accordance with 12 CFR part 1002 (Regulation B of the Bureau of Consumer Financial Protection) in order to monitor an institution's compliance with the Equal Credit Opportunity Act of 1974 (15 U.S.C. 1691 et seq.). Second, this subpart notifies certain FDIC-supervised institutions of their duty to maintain, update, and report a register of home loan applications in accordance with 12 CFR part 1003 (Regulation C of the Bureau of Consumer Financial Protection), which implements the Home Mortgage Disclosure Act (12 U.S.C. 2801 et seq.).

## Nearby sections

- [12 CFR § 338.1 § 338.1 Purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-12-338.1.md)
- [12 CFR § 338.2 § 338.2 Definitions applicable to this subpart.](https://www.frixlaw.com/law-library/statutes/ecfr-12-338.2.md)
- [12 CFR § 338.3 § 338.3 Nondiscriminatory advertising.](https://www.frixlaw.com/law-library/statutes/ecfr-12-338.3.md)
- [12 CFR § 338.4 § 338.4 Fair housing poster.](https://www.frixlaw.com/law-library/statutes/ecfr-12-338.4.md)
- [12 CFR § 338.5 § 338.5 Purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-12-338.5.md)
- [12 CFR § 338.6 § 338.6 Definitions applicable to this subpart.](https://www.frixlaw.com/law-library/statutes/ecfr-12-338.6.md)
- [12 CFR § 338.7 § 338.7 Recordkeeping requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-12-338.7.md)
- [12 CFR § 338.8 § 338.8 Compilation of loan data in register format.](https://www.frixlaw.com/law-library/statutes/ecfr-12-338.8.md)
- [12 CFR § 338.9 § 338.9 Mortgage lending of a controlled entity.](https://www.frixlaw.com/law-library/statutes/ecfr-12-338.9.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-338.5. Check the current official text before relying on it. Not legal advice.