12 U.S.C. · Banks and Banking
12 U.S.C. § 4548

Regulations for use of credit scores

Ch. 46 — GOVERNMENT SPONSORED ENTERPRISES
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 46
Statutory Text

12 U.S.C. § 4548 — Regulations for use of credit scores

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 46 - GOVERNMENT SPONSORED ENTERPRISES SUBCHAPTER I - SUPERVISION AND REGULATION OF ENTERPRISES Part B - Additional Authorities of the Director subpart 1 - general authority Sec. 4548 - Regulations for use of credit scores From the U.S. Government Publishing Office, www.gpo.gov

§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.)

Editorial Notes

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.

Source: uscode.house.gov — public domain Official Source ↗
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