Credit Discrimination: 11.9.4.1 Good Faith Compliance
The ECOA states that a creditor is not liable for any act done or omitted “in good faith in conformity” with Regulation B or with the official interpretations, even if the regulation or official interpretations are amended or determined to be invalid.635 The conduct must not only conform to the regulation but must have been in good faith conformity. Regulation B defines good faith as actions based on “honesty in fact” in the conduct or transaction.636