SACRAMENTO, Calif. – The state of California has mandated that credit scores be disclosed to applicants effective with new credit report requests made on or after July 1, 2001. The disclosure explains consumer rights in regard to credit scores. It gives general information about scores including agency contact information. The disclosure requirements apply to every application or prequalification where the subject property is located in California, or the applicant has a current California mailing address and a credit score is used in the credit decision process.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.