
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC4545]

 
                       TITLE 12--BANKS AND BANKING
 
              CHAPTER 46--GOVERNMENT SPONSORED ENTERPRISES
 
         SUBCHAPTER I--SUPERVISION AND REGULATION OF ENTERPRISES
 
                     Part B--Authority of Secretary
 
                      subpart 1--general authority
 
Sec. 4545. Fair housing

    The Secretary shall--
        (1) by regulation, prohibit each enterprise from discriminating 
    in any manner in the purchase of any mortgage because of race, 
    color, religion, sex, handicap, familial status, age, or national 
    origin, including any consideration of the age or location of the 
    dwelling or the age of the neighborhood or census tract where the 
    dwelling is located in a manner that has a discriminatory effect;
        (2) by regulation, require each enterprise to submit data to the 
    Secretary to assist the Secretary in investigating whether a 
    mortgage lender with which the enterprise does business has failed 
    to comply with the Fair Housing Act [42 U.S.C. 3601 et seq.];
        (3) by regulation, require each enterprise to submit data to the 
    Secretary to assist in investigating whether a mortgage lender with 
    which the enterprise does business has failed to comply with the 
    Equal Credit Opportunity Act [15 U.S.C. 1691 et seq.], and shall 
    submit any such information received to the appropriate Federal 
    agencies, as provided in section 704 of the Equal Credit Opportunity 
    Act [15 U.S.C. 1691c], for appropriate action;
        (4) obtain information from other regulatory and enforcement 
    agencies of the Federal Government and State and local governments 
    regarding violations by lenders of the Fair Housing Act and the 
    Equal Credit Opportunity Act and make such information available to 
    the enterprises;
        (5) direct the enterprises to undertake various remedial 
    actions, including suspension, probation, reprimand, or settlement, 
    against lenders that have been found to have engaged in 
    discriminatory lending practices in violation of the Fair Housing 
    Act or the Equal Credit Opportunity Act, pursuant to a final 
    adjudication on the record, and after opportunity for an 
    administrative hearing, in accordance with subchapter II of chapter 
    5 of title 5; and
        (6) periodically review and comment on the underwriting and 
    appraisal guidelines of each enterprise to ensure that such 
    guidelines are consistent with the Fair Housing Act and this 
    section.

(Pub. L. 102-550, title XIII, Sec. 1325, Oct. 28, 1992, 106 Stat. 3955.)

                       References in Text

    The Fair Housing Act, referred to in pars. (2) and (4) to (6), is 
title VIII of Pub. L. 90-284, Apr. 11, 1968, 82 Stat. 81, as amended, 
which is classified principally to subchapter I (Sec. 3601 et seq.) of 
chapter 45 of Title 42, The Public Health and Welfare. For complete 
classification of this Act to the Code, see Short Title note set out 
under section 3601 of Title 42 and Tables.
    The Equal Credit Opportunity Act, referred to in pars. (3) to (5), 
is title VII of Pub. L. 90-321, as added by Pub. L. 93-495, title V, 
Sec. 503, Oct. 28, 1974, 88 Stat. 1521, as amended, which is classified 
generally to subchapter IV (Sec. 1691 et seq.) of chapter 41 of Title 
15, Commerce and Trade. For complete classification of this Act to the 
Code, see Short Title note set out under section 1601 of Title 15 and 
Tables.

                  Section Referred to in Other Sections

    This section is referred to in section 4544 of this title.
