Answer:
Yes. You are using that information and under the "Your Credit Score" section of the exception notice you must enter the date the credit score used was created.
First published on BankersOnline.com 2/28/11
Credit Score Notice Necessary?
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Question:
Our internal policy is that the credit bureau reports for individuals are used for one year to make credit decisions within that year. This being said, we provide the "Exception Credit Score Notice" provided by Equifax for credit reports pulled since January 1, 2011. Please provide some guidance on the following scenario: A new loan is being applied for on 01/14/2011 but we are relying on a credit report dated 08/20/2010. Is the "Credit Score Notice" in this case required?
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