Regulations for use of credit scores

  1. Law
  2. USC 12
  3. Banks And Banking
  4. GOVERNMENT SPONSORED ENTERPRISES
  5. SUPERVISION AND REGULATION OF ENTERPRISES
  6. Additional Authorities of the Director
  7. general authority
  8. Regulations for use of credit scores

Checkout our iOS App for a better way to browser and research.

§4548. Regulations for use of credit scores

The Director shall-

(1) by regulation, establish standards and criteria for any process used by an enterprise to validate and approve credit scoring models pursuant to section 1717(b)(7) of this title and section 1454(d) of this title; and

(2) ensure that any credit scoring model that is validated and approved by an enterprise under section 1717(b)(7) of this title or section 1454(d) of this title meets the requirements of clauses (i), (ii), and (iii) of section 1717(b)(7)(C) of this title and subparagraphs (A), (B), and (C) of section 1454(d) of this title, respectively.

(Pub. L. 102–550, title XIII, §1328, as added Pub. L. 115–174, title III, §310(c), May 24, 2018, 132 Stat. 1355 .)

Prior Provisions

A prior section 4548, Pub. L. 102–550, title XIII, §1328, Oct. 28, 1992, 106 Stat. 3956 ; Pub. L. 110–289, div. A, title I, §1122(a)(1), July 30, 2008, 122 Stat. 2689 , related to required annual reports, prior to repeal by Pub. L. 110–289, div. A , title I, §1104(b), July 30, 2008, 122 Stat. 2667 .


Download our app to see the most-to-date content.