Providing Credit Score Information

We received the following question for the “Member Requests” portion of our September Monthly Connection:

The FCRA says you only have to disclose that you pulled a credit report if that information was used in whole or in part to make the credit decision on an Adverse Action Notice.  But, also in the FCRA is the requirement to provide a Risk Based Pricing Notice, or a Credit Score Exemption whereby you provide a Credit Score Notice.  Since we do not use a risk-based pricing notice, does that mean every consumer must receive their credit score if a credit report was pulled in connection with a consumer purpose loan application?

Jerod gives the answer in the following video taken from the Monthly Connection.

Ready to learn more about the FCRA / FACT Act requirements? JOIN US , for our webinar, “FCRA / FACT Act”. 

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