Can we still disclose 3 credit scores on the Notice to Home Loan Applicant if we pull a tri-merge credit report? Our loan document vendor is saying that the Reg. changed and you can only disclose one score as of 1/1/11.
I don't see anything in FCRA 609(g)(1)(D) that says you have to use only ONE score.
Joined: Oct 2009
Talking about tri-merge....under ECO published 7/15/11, pg 41597 says "expects that creditors will have policies and procedures to determine which of the multiple credit scores was used in taking adverse action." I would assume examiners will be looking for this.