Current through Register 2024 Notice Reg. No. 49, December 6, 2024
Section 7110 - Nondiscriminatory Appraisals(a) No financial institution shall utilize an appraisal or shall deny a loan based upon an appraisal which the financial institution knows or reasonably should know discriminates on any of the following bases: (1) The neighborhood or geographic area surrounding the subject property;(2) A consideration of race, color, religion, sex, marital status, national origin or ancestry; and(3) A consideration of the racial, ethnic, religious or national origin composition of the neighborhood or geographic area surrounding the subject property or whether or not such composition is undergoing change or is expected to undergo change.Cal. Code Regs. Tit. 21, § 7110
Note: Authority cited: Section 35814, Health and Safety Code. Reference: Sections 35810- 35815, Health and Safety Code.