Reg FF: Medical Information Restrictions

Question 1

What is “medical information” covered under Reg FF?

Answer 1

Information or data relating to a consumer’s

• Physical, mental or behavioral health or condition
• Provision of health care to an individual
• Payment for the provision of health care
• Does not apply to demographic information (age, gender, etc.)

Question 2

Under Reg FF, a creditor is not prohibited from ______ medical information, as long as they don’t specifically request such information.

Answer 2

obtaining

Question 3

Creditors cannot use medical information to determine a consumer’s __________ for credit, unless it is a type normally used in credit decisions (debts, expenses, etc.), and the information is considered no less favorably than other credit information, and health, condition, history, type of treatment, or prognosis is not taken into account.

Answer 3

eligibility

Question 4

Which of the following would be prohibited used of medical information pertaining to a consumer in connection with determining the consumer’s eligibility for credit?

a. Consideration of a consumer’s terminal illness in deciding to deny a loan request
b. Consideration of a consumer’s medical debts to a care facility specializing in terminal illnesses in overall debt calculation
c. Consideration of a consumer’s disability income and other income in relation to total debt
d. Consideration of a consumer’s past due debts to a medical supply company for medical equipment to disqualify the loan request

Answer 4

a. Consideration of a consumer’s terminal illness in deciding to deny a loan request