Would we be required to send the Credit score notice to a customer that has a 12 month Interest only Construction Loan?(the loan will not roll into a permanent loan) I don't think we need to but I needed some moral support. Thanks for your help.

See HERE.

Randy is correct. There are no temporary financing exemptions for the Notice to Home Loan Applicant.

We have a loan review department that will at times pull a credit report or use an old credit report to do their review and usually they make a notation of the credit score. I have been holding the lenders responsible for getting the Notice to Home Loan Applicants because of this. Am I over reacting, shouldn't someone send them a notice. The lenders are not always (so they say) aware that loan review used this information. Opinions please

A notice is not required in that circumstance. Review section 212 of the FACT Act or Section 609(g) of the FCRA.

Thanks Dan are you refering to Section 609(g)(1)(e)(iii) which is actions not required under this subsection....(iii) disclose any credit score or related information obtained by the user after the loan has closed.
If the review is done at time of application couldn't it be assumed that the Officer had access to a credit score and it might have influenced his decision?

What's the purpose of the loan review? I was relating it to a loan file review/audit.

It looks like the purpose of the review was to assess the risk of this loan( it was an interim construction to cover cost overruns). Loan review did a financial spread noting debt ratio, collateral value spread. The review was done on 3/28/05 the officer did a credit memo on 4/4/05 that went to loan committee prior to making the loan. It appears the officer requested a review of the customer so he could have information to take to loan committee. The credit memo did not reference a credit score. This particular customer has several accounts with the bank.

In that scenario the Notice to Home Loan Applicant would be required IMO. It appears the credit report is being used in connection with a credit request.

That's my opinion also. Sorry I wasn't clear on my first post. Thanks for your input.