credit score

For purposes of this subsection, the following definitions shall apply:(A) Credit scoreThe term “credit score”—(i) means a numerical value or a categorization derived from a statistical tool or modeling system used by a person who makes or arranges a loan to predict the likelihood of certain credit behaviors, including default (and the numerical value or the categorization derived from such analysis may also be referred to as a “risk predictor” or “risk score”); and(ii) does not include—(I) any mortgage score or rating of an automated underwriting system that considers one or more factors in addition to credit information, including the loan to value ratio, the amount of down payment, or the financial assets of a consumer; or(II) any other elements of the underwriting process or underwriting decision.(B) Key factorsThe term “key factors” means all relevant elements or reasons adversely affecting the credit score for the particular individual, listed in the order of their importance based on their effect on the credit score.(3) Timeframe and manner of disclosure

Source

15 USC § 1681g


Scoping language

in this paragraph
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