# 12 CFR § 338.9: Mortgage lending of a controlled entity

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-338.9

## Section

- **Citation:** 12 CFR § 338.9
- **Heading:** Mortgage lending of a controlled entity
- **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

Any bank which refers any applicants to a controlled entity and which purchases any covered loan as defined in Regulation C of the Bureau of Consumer Financial Protection (12 CFR part 1003) originated by the controlled entity, as a condition to transacting any business with the controlled entity, shall require the controlled entity to enter into a written agreement with the bank. The written agreement shall provide that the entity shall:
(a) Comply with the requirements of §§ 338.3, 338.4, and 338.7, and, if otherwise subject to Regulation C of the Bureau of Consumer Financial Protection (12 CFR part 1003), § 338.8;
(b) Open its books and records to examination by the Federal Deposit Insurance Corporation; and
(c) Comply with all instructions and orders issued by the Federal Deposit Insurance Corporation with respect to its home loan practices.

## 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)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-338.9. Check the current official text before relying on it. Not legal advice.