Section 8: Demographic Information is used by lenders to collect information about the borrower's race, ethnicity, and sex. This information is used by lenders to comply with fair lending laws and to ensure that all borrowers are treated fairly.
The Demographic Information section of the 1003 form is optional. However, lenders are required to collect this information if the borrower applies for a loan that is insured or guaranteed by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), or the United States Department of Agriculture (USDA).