Content, form, and timing of risk-based pricing notices.

CFR · 2024-01-01 · US · Title 12

(a) (i) A statement that a consumer report (or credit report) includes information about the consumer's credit history and the type of information included in that history; (ii) A statement that the terms offered, such as the annual percentage rate, have been set based on information from a consumer report; (iii) A statement that the terms offered may be less favorable than the terms offered to consumers with better credit histories; (iv) A statement that the consumer is encouraged to verify the accuracy of the information contained in the consumer report and has the right to dispute any inaccurate information in the report; (v) The identity of each consumer reporting agency that furnished a consumer report used in the credit decision; (vi) A statement that federal law gives the consumer the right to obtain a copy of a consumer report from the consumer reporting agency or agencies identified in the notice without charge for 60 days after receipt of the notice; (vii) A statement informing the consumer how to obtain a consumer report from the consumer reporting agency or agencies identified in the notice and providing contact information (including a toll-free telephone number, where applicable) specified by the consumer reporting agency or agencies; (viii) A statement directing consumers to the Web sites of the Federal Reserve Board and Federal Trade Commission to obtain more information about consumer reports; and (ix) If a credit score of the consumer to whom a person grants

official document · source cfr-2024 · id 12:§ 222.73