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#1805694 - 04/17/13 06:31 PM Consumer Credit Scores
Likes to Comply Offline
Diamond Poster
Joined: Nov 2008
Posts: 1,107
In the mountains
We are going to start obtaining consumer credit scores when pulling the report. Besides providing the Consumer Credit Score disclosure in lieu of RBP Notices and the Credit Score disclosure on the AAN, is there anything else I need to be concerned with?
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Lending Compliance
#1805790 - 04/17/13 08:28 PM Re: Consumer Credit Scores Likes to Comply
Ted Dreyer Offline
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Ted Dreyer
Joined: Apr 2001
Posts: 2,245
For loans secured by 1-4 family real estate, you also have to be concerned about giving the Notice to Home Loan Applicant with credit scores included "as soon as reasonably practicable". If you use the Exception Notice for 1-4 family RE, that form can take the place of the Notice to Home Loan Applicant, but only if that form is given out in the same timeframe.

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#1805822 - 04/17/13 09:18 PM Re: Consumer Credit Scores Likes to Comply
Likes to Comply Offline
Diamond Poster
Joined: Nov 2008
Posts: 1,107
In the mountains
Thanks!
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