Score disclosure-can we send the actual repts?

Does the reg include any language that prohibits us from sending copies of the entire credit reports rather than providing our interpretation of the 3-4 items that may have influenced a decision? Our case was discussed in previous threads where we do not reference scores as a dterminant in our decision. However, Fannie mae does reference them in their reports, so, to be safe we will send the notice. As we don't rely on the scores, to save time, we want to send the actual reports (we use from the three biggies). Thanks

I would hesitate sending the actual report due to all of the NPI available in the report. If it was intercepted guess who the applicant will blame for all the damage that could be caused by identity theft. Also, your contract with the CRA(s) probably will not allow this. However, I know of no regulatory prohibition from doing so.

If your company actually distributes the whole report, doesn't that make you potentially liable as the reporting agency? That's what they used to tell us but it hasn't been an issue for years.

I think that is a factor. We don't give out the report because we were told that if there was a problem on it, because they got it from us we would be responsible. Why take that chance? I would rather go through the 4 reasons on a form letter.

The FCRA says that you cannot be restricted from disclosing the credit report contents, when there is a denial. Often your vendor contract does restrict you from providing the report otherwise. There are so many reasons against giving it and only a few in the pro column. These have been hashed here before many times. If you don't find them on a search and want some links, let me know.

Just to save you digging around, Trees, the big three all have the ability to just print out the disclosure in applicant friendly language. Just ask your vendor and they'll help you do it. It only takes a minute...otherewise our underwriters wouldn't do it when they print the cbr either.

Andy,I'm having a hard time finding links, our contract does not say we cannot give a copy to the applicant.
Would you give me the links, please? Thank you.

I am not clear on this, can we share the actual report? I have always understood we could not as that would make us the reporting agency. Any advice here?

Can we actually share the report to a customer? I thought we had to be careful not be the reporting agency.