(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 part do not apply to public utilities credit:
(i) Section
1002.5(d)(1) concerning information about marital status; and
(ii) Section 1002.12(b)
relating to record retention.
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(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 part do not apply to securities
credit:
(i) Section 1002.5(b) concerning information
about the sex of an applicant;
(ii) Section 1002.5(c) concerning information
about a spouse or former spouse;
(iii) Section 1002.5(d)(1) concerning
information about marital status;
(iv) Section 1002.7(b) relating to designation
of name to the extent necessary to comply with rules regarding an
account in which a broker or dealer has an interest, or rules regarding
the aggregation of accounts of spouses to determine controlling interests,
beneficial interests, beneficial ownership, or purchase limitations
and restrictions;
(v) Section 1002.7(c) relating to action concerning open-end accounts,
to the extent the action taken is on the basis of a change of name
or marital status;
(vi) Section 1002.7(d) relating to the signature of a spouse or other
person;
(vii) Section
1002.10 relating to furnishing of credit information; and
(viii) Section 1002.12(b)
relating to record retention.
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(c) Incidental credit.
(1) Definition. Incidental credit refers to extensions of consumer credit other
than 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 1026.4);
and
(iii) That are
not payable by agreement in more than four installments.
(2) Exceptions. The following provisions of this part do not apply
to incidental credit:
(i) Section 1002.5(b) concerning information
about the sex of an applicant, but only to the extent necessary for
medical records or similar purposes;
(ii) Section 1002.5(c) concerning information
about a spouse or former spouse;
(iii) Section 1002.5(d)(1) concerning
information about marital status;
(iv) Section 1002.5(d)(2) concerning
information about income derived from alimony, child support, or separate
maintenance payments;
(v) Section 1002.7(d) relating to the signature of a spouse or other
person;
(vi) Section
1002.9 relating to notifications;
(vii) Section 1002.10 relating to furnishing
of credit information; and
(viii) Section 1002.12(b) relating to
record retention.
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(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 section 1002.4(a), the
general rule against discrimination on a prohibited basis, the requirements
of this part do not apply to government credit.
