[Code of Federal Regulations]
[Title 12, Volume 2]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR202.3]

[Page 22]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 202--EQUAL CREDIT OPPORTUNITY (REGULATION B)--Table of Contents
 
Sec. 202.3  Limited exceptions for certain classes of transactions

    (a) Public utilities credit--(1) Definition. Public utilities credit 
refers to extensions of credit that involve public utility services 
provided through pipe, wire, or other connected facilities, or radio or 
similar transmission (including extensions of such facilities), if the 
charges for service, delayed payment, and any discount for prompt 
payment are filed with or regulated by a government unit.
    (2) Exceptions. The following provisions of this regulation do not 
apply to public utilities credit:
    (i) Section 202.5(d)(1) concerning information about marital status;
    (ii) Section 202.10 relating to furnishing of credit information; 
and
    (iii) Section 202.12(b) relating to record retention.
    (b) Securities credit--(1) Definition. Securities credit refers to 
extensions of credit subject to regulation under section 7 of the 
Securities Exchange Act of 1934 or extensions of credit by a broker or 
dealer subject to regulation as a broker or dealer under the Securities 
Exchange Act of 1934.
    (2) Exceptions. The following provisions of this regulation do not 
apply to securities credit:
    (i) Section 202.5(c) concerning information about a spouse or former 
spouse;
    (ii) Section 202.5(d)(1) concerning information about marital 
status;
    (iii) Section 202.5(d)(3) concerning information about the sex of an 
applicant;
    (iv) Section 202.7(b) relating to designation of name, but only to 
the extent necessary to prevent violation of rules regarding an account 
in which a broker or dealer has an interest, or rules necessitating the 
aggregation of accounts of spouses for the purpose of determining 
controlling interests, beneficial interests, beneficial ownership, or 
purchase limitations and restrictions;
    (v) Section 202.7(c) relating to action concerning open-end 
accounts, but only to the extent the action taken is on the basis of a 
change of name or marital status;
    (vi) Section 202.7(d) relating to the signature of a spouse or other 
person;
    (vii) Section 202.10 relating to furnishing of credit information; 
and
    (viii) Section 202.12(b) relating to record retention.
    (c) Incidental credit. (1) Definition. Incidental credit refers to 
extensions of consumer credit other than credit of the types described 
in paragraphs (a) and (b) of this section:
    (i) That are not made pursuant to the terms of a credit card 
account;
    (ii) That are not subject to a finance charge (as defined in 
Regulation Z, 12 CFR 226.4); and
    (iii) That are not payable by agreement in more than four 
installments.
    (2) Exceptions. The following provisions of this regulation do not 
apply to incidental credit:
    (i) Section 202.5(c) concerning information about a spouse or former 
spouse;
    (ii) Section 202.5(d)(1) concerning information about marital 
status;
    (iii) Section 202.5(d)(2) concerning information about income 
derived from alimony, child support, or separate maintenance payments;
    (iv) Section 202.5(d)(3) concerning information about the sex of an 
applicant, but only to the extent necessary for medical records or 
similar purposes;
    (v) Section 202.7(d) relating to the signature of a spouse or other 
person;
    (vi) Section 202.9 relating to notifications;
    (vii) Section 202.10 relating to furnishing of credit information; 
and
    (viii) Section 202.12(b) relating to record retention.
    (d) Government credit--(1) Definition. Government credit refers to 
extensions of credit made to governments or governmental subdivisions, 
agencies, or instrumentalities.
    (2) Applicability of regulation. Except for Sec. 202.4, the general 
rule prohibiting discrimination on a prohibited basis, the requirements 
of this regulation do not apply to government credit.

[Reg. B, 50 FR 48026, Nov. 20, 1985, as amended at 54 FR 50485, Dec. 7, 
1989]

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