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#1201427 - 06/15/09 08:04 PM Is Credit Score Disclosure Triggered on Loan Modif
2old2care Offline
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Joined: Oct 2006
Posts: 712
PA
Is Credit Score Disclosure Triggered on Loan Modifications?

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Lending Compliance
#1201470 - 06/15/09 08:47 PM Re: Is Credit Score Disclosure Triggered on Loan Modif 2old2care
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,763
Central City, NE
If you "use" the credit score, it is.
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#1202745 - 06/17/09 06:07 PM Re: Is Credit Score Disclosure Triggered on Loan Modif David Dickinson
DD Regs Offline
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DD Regs
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Somewhere in the middle
Is the Credit Score Disclosure a "Consumer Only" reg? It would not be sent out on commercial loan deals?
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#1202754 - 06/17/09 06:17 PM Re: Is Credit Score Disclosure Triggered on Loan Modif DD Regs
M Cockrell Offline
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M Cockrell
Joined: Jan 2003
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Dallas, TX
(g)Disclosure of Credit Scores by Certain Mortgage Lenders
(1) In general. Any person who makes or arranges loans and who uses a consumer credit score, as defined in subsection (f), in connection with an application initiated or sought by a consumer for a closed end loan or the establishment of an open end loan for a consumer purpose that is secured by 1 to 4 units of residential real property (hereafter in this subsection referred to as the “lender”) shall provide the following to the consumer as soon as reasonably practicable:
Last edited by M Cockrell; 06/17/09 06:17 PM. Reason: oops! missed one
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#1202764 - 06/17/09 06:23 PM Re: Is Credit Score Disclosure Triggered on Loan Modif M Cockrell
DD Regs Offline
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DD Regs
Joined: Nov 2008
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Somewhere in the middle
Thank You
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