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#2277197 - 10/27/22 04:44 PM Credit reports
Anonymous
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What is required for an Alternate Risk Rating form for a Consumer Loan?

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#2277198 - 10/27/22 04:54 PM Re: Credit reports Anonymous
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,754
On the Net
Any context on what this is or when it is used? I'm unfamiliar.
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#2277203 - 10/27/22 05:08 PM Re: Credit reports Anonymous
Anonymous
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It is given to the customer when you run a credit report. We can't give them a copy of the credit report so we have to give them a copy of the risk rating document which gives them their score.

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#2277208 - 10/27/22 05:44 PM Re: Credit reports Anonymous
Anonymous
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Risk Base Pricing Exception Notice

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#2277219 - 10/27/22 06:22 PM Re: Credit reports Anonymous
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
What does a RPB notice have to do with an internal policy if not giving them a copy of the credit report. Most lender will not give them a copy, but you are not prevented from doing so. A RBP notice is a required disclosure if you RBP your loans.
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#2277464 - 11/02/22 01:41 PM Re: Credit reports Anonymous
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,533
Bloomington, IN
What is required for an Alternate Risk Rating form for a Consumer Loan?

Risk Base Pricing Exception Notice


Review 1022.74.

https://www.bankersonline.com/regulations/12-1022-074
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The opinions expressed are mine and they are not to be taken as legal advice.

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