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A same-sex couple was legally married in a state that recognizes same-sex marriage. They later move to another state where local law does not recognize that marriage. The couple applies jointly for a mortgage loan, but the lender refuses to treat them as married for purposes of CFPB-administered regulations.

Which statement best reflects CFPB guidance?

A lender receives a joint mortgage application from two legally married same-sex spouses. The loan officer states that because the applicants married in another state, the lender will not process the file as a married-couple application.

During an ECOA review, regulators examine whether the lender properly applied CFPB guidance.

Which statement is correct?

A prospective applicant calls a lender to ask about mortgage options. During the call, the loan officer says the company does not usually approve applicants like you after learning information related to a prohibited basis. The applicant decides not to apply.

Which ECOA rule is most directly implicated?

A borrower contacts a lender and follows the lender’s established procedure for requesting mortgage credit. The borrower makes the request verbally over the telephone. The lender claims ECOA application rules do not apply because nothing was submitted in writing.

Which statement best reflects the Regulation B definition of an application?

A consumer asks a lender what credit score, debt-to-income ratio, and loan-to-value standards are generally required to qualify for a mortgage. The consumer does not provide personal financial information or request a credit decision.

Which statement best describes this interaction under Regulation B?