Description
This course explains lenders’ responsibilities under the FCRA when they price loans based on the risk of the consumer applicant. This includes when they must provide a risk-based pricing notice, or a credit score notice in lieu of a risk-based pricing notice and the content, form and timing of notices.
What You’ll Learn
After successfully completing this course, you will be able to:
- Determine when creditors must send a risk-based pricing or credit score notice
- Identify other exceptions when a risk-based pricing or credit score notice is not needed
- Describe the content, form, and timing of the notices
