Exceptions.

CFR · 2024-01-01 · US · Title 12

(a) (2) (b) (c) (i) Obtains a consumer report that is a prescreened list as described in section 604(c)(2) of the FCRA; and (ii) Uses the consumer report for the purpose of making a firm offer of credit to the consumer. (2) (3) (d) (i) The consumer requests from the person an extension of credit that is or will be secured by one to four units of residential real property; and (ii) The person provides to each consumer described in paragraph (d)(1)(i) of this section a notice that contains the following— (A) A statement that a consumer report (or credit report) is a record of the consumer's credit history and includes information about whether the consumer pays his or her obligations on time and how much the consumer owes to creditors; (B) A statement that a credit score is a number that takes into account information in a consumer report and that a credit score can change over time to reflect changes in the consumer's credit history; (C) A statement that the consumer's credit score can affect whether the consumer can obtain credit and what the cost of that credit will be; (D) The information required to be disclosed to the consumer pursuant to section 609(g) of the FCRA; (E) The distribution of credit scores among consumers who are scored under the same scoring model that is used to generate the consumer's credit score using the same scale as that of the credit score that is provided to the consumer, presented in the form of a bar graph containing a minimum of six bars that il

official document · source cfr-2024 · id 12:§ 222.74